Analyzing the Airwaves Auction
以美国联邦通信委员会频谱牌照拍卖为案例，展示拍卖理论如何指导实际政策设计，包括拍卖形式、牌照组合、促进少数族裔企业参与等关键问题。
The design of the Federal Communications Commission spectrum license auction is a case study in the application of economic theory. Auction theory helped address policy questions such as whether an open auction or a sealed-bid auction should be used; whether the licenses should be auctioned sequentially or simultaneously; whether the government should allow bids for combinations of licenses or accept only single-license bids; how the auction should should be structured to promote the interests of minority-owned and other designated firms; whether the government should impose royalties or reserve prices; and how much the bidders should be informed about their competition.