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A Review of the 10-40 GHz Auction

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Abstract

In February 2008, Ofcom’s 10-40 GHz auction concluded. This was Ofcom’s first combinatorial clock auction. The auction used an innovative format intended to encourage an efficient assignment of the 27 lots. Each of the ten bidders won one or more lots. All 27 lots were assigned. This note briefly reviews the auction.

Suggested Citation

  • Peter Cramton, 2008. "A Review of the 10-40 GHz Auction," Papers of Peter Cramton 08rtfghz, University of Maryland, Department of Economics - Peter Cramton, revised 2008.
  • Handle: RePEc:pcc:pccumd:08rtfghz
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    File URL: http://www.cramton.umd.edu/papers2005-2009/cramton-review-of-10-40-ghz-auction.pdf
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    More about this item

    Keywords

    Auctions; spectrum auctions; market design; package auction; clock auction; combinatorial auction;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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