What's in the Air: Interlicense Synergies in the Federal Communications Commission's Broadband Personal Communication Service Spectrum Auctions
分析了美国联邦通信委员会前两次宽带PCS频谱拍卖中，许可证间的协同效应如何影响中标价格，发现相邻许可证和全国性网络会推高报价。
In this article, we analyze the extent of synergies among wireless licenses using information from the first two broadband Personal Communication Service (PCS) spectrum auctions by the Federal Communications Commission (FCC). We use a reduced‐form regression of the winning bid for each license on a set of regressors capturing the demographics of the license region, its regulatory environment, the degree of competition for it, and the network synergies among that property and other wireless licenses, both cellular and PCS. In both auctions, the winning bid for a license was higher when the second‐to‐last bidder had a large national cellular telephone network or when the license was located adjacent to other PCS licenses won by either the winning or second‐to‐last bidder. We also find strong evidence that the state or states in which a license was located affected bidding, and there is some evidence that these effects are related to state‐level wireless regulation.