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System and Method for the Efficient Clearing of Spectrum Encumbrances

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Abstract

The present invention is a system and method to sell or procure complementary goods. A complementary good according to the invention is a good whose value or utility is enhanced when paired with another good, such a pair of goods is a communications license to encumbered spectrum and a complementary clearing right to clear the spectrum of its encumbrance. The invention provides automated procedures to facilitate the fashioning and sale of clearing rights so as to enhance the value of the communications license.

Suggested Citation

  • Lawrence M. Ausubel & Peter Cramton & Paul Milgrom, 2012. "System and Method for the Efficient Clearing of Spectrum Encumbrances," Papers of Peter Cramton 12acmec, University of Maryland, Department of Economics - Peter Cramton, revised 2012.
  • Handle: RePEc:pcc:pccumd:12acmec
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    File URL: https://www.cramton.umd.edu/papers2010-2014/US8145555.pdf
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    More about this item

    Keywords

    Auctions; clock auctions; spectrum auctions; market design;
    All these keywords.

    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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