Selling Spectrum Rights
以FCC频谱许可证拍卖为案例，展示了拍卖理论如何帮助设计拍卖规则，包括选择公开或密封投标、顺序或同步拍卖、组合投标等政策问题。
The design of the FCC spectrum-license auction is a case study in the application of economic theory. Auction theory helped address policy questions such as: Should an open auction or a sealed-bid auction be used? Should the licenses be auctioned sequentially or simultaneously? Should the government allow bids for combinations of licenses, or should it accept only single-license bids? How should the auction be structured to promote the interests of minority-owned and other designated firms? Should the government impose royalties or reserve prices? How much should the bidders be informed about their competition?