Business Commons^™

Package Bidding For Spectrum Licenses, Peter Cramton, John Mcmillan, Paul Milgrom, Bradley Miller, Bridger Mitchell, Daniel Vincent, Robert Wilson

Peter Cramton

The FCC was an innovator in adopting the rules of the simultaneous ascending-price auction for its sales of spectrum licenses. While these rules have performed well in the auctions conducted so far (and would perform even better with the design improvements suggested in our first report), there are two inherent limitations in any design that seeks to assign and price the licenses individually. First, such designs create strategic incentives for bidders interested in multiple licenses that are substitutes to reduce their demands for some of the licenses in order to reduce the final prices of the others; this is the …

Auction Design Enhancements For Non-Combinatorial Auctions, Peter Cramton, John Mcmillan, Paul Milgrom, Bradley Miller, Bridger Mitchell, Daniel Vincent, Robert Wilson

Peter Cramton

We evaluate a number of possible enhancements to the FCC auctions. We consider only changes to the current auction rules that stay within the basic format of the simultaneous multiple round auction for individual licenses. This report summarizes and extends our e-mail exchanges with FCC staff on this topic. A subsequent report will cover auctions with combination bids. Overall, the FCC spectrum auctions have been an enormous success. However, there are two design goals in the auction where important improvement can be achieved within the basic rules structure. These are restricting collusion among bidders and reducing the time taken to …

Impact Of The Adoption Of New Technology (Facnet) On A Minority-Owned Small Business In Colorado, Tamara L. James

McCabe Thesis Collection

FACNET is a computer network that moves Electronic Data Interchange (EDI) from the Department of Defense (DoD) and federal buying sites to and from the certified Value Added Network (VAN).

This study is conducted to answer the following questions about the use FACNET by XYZ Communications:

1) Has FACNET helped reduce the cost of paper used in the business?

2) Has FACNET helped reduce the cost of long distance calls (telephone and fax) in the business?

3) Has FACNET helped reduce the cost of traveling expenses (hotel and transportation) in the business?

4)Has FACNET helped the business to conduct in …

Reply Statement On The Effect Of Nextwave’S Participation In The C-Block Auction On Antigone And Devco, Peter Cramton

Peter Cramton

For Antigone and Devco.

Statement On The Effect Of Nextwave’S Participation In The C-Block Auction On Antigone And Devco, Peter Cramton

Peter Cramton

For Antigone and Devco.

The Fcc Spectrum Auctions: An Early Assessment, Peter Cramton

Peter Cramton

This paper analyzes six spectrum auctions conducted by the Federal Communications Commission (FCC) from July 1994 to May 1996. These auctions were simultaneous multiple-round auctions in which collections of licenses were auctioned simultaneously. This auction form proved remarkably successful. Similar items sold for similar prices and bidders successfully formed efficient aggregations of licenses. Bidding behavior differed substantially in the auctions. The extent of bidder competition and price uncertainty played an important role in determining behavior. Bidding credits and installment payments also played a major role in several of the auctions.

Synergies In Wireless Telephony: Evidence From The Broadband Pcs Auctions, Peter Cramton, Lawrence M. Ausubel, R. Preston Mcafee, John Mcmillan

Peter Cramton

We examine bid data from the first two broadband PCS spectrum auctions for evidence of value synergies. First, we estimate a benchmark regression for the determinants of final auction prices. Then, we include variables reflecting the extent to which bidders ultimately won or already owned the adjacent wireless properties. Consistent with geographic synergies in an ascending-bid auction, prices were higher when the highest-losing bidder had adjacent licenses. The footprints of winning bidders suggest that they were often successful in realizing these synergies.

Changes In Telecommunications Due To The 1996 Telecommunications Act, Eugene A. Demers

Theses

Telecommunications has gone through various stages of development since its conception in the late l 800's. The most current event and the basis for this thesis, is the legislation that passed Congress titled the ''Telecommunications Act of 1996". It is the purpose of this document to research the impact of this legislation to the user and the businesses involved in this industry.

There were three main areas of focus for this research. The first area of study pertained to the current local and long distance companies in the telecommunications industry. The second area related to the users of the telecommunications …

The Changing Telecommunications Industry, Marie P. Woodcock

Theses

Telecommunications in today's global society has undergone a dramatic transformation since the invention of the telephone. In the early years of telephony, a host of dedicated men and women endured tremendous hardships to pioneer the telephone. Bell, his wife Mabel, his two benefactors along with Thomas Watson and Theodore Vail fought to gain recognition of the instrument and establish its usefulness to society. Many great inventions came from by the Bell Laboratories, which forever sought a better way, encouraging the progress of civilization. Despite major setbacks caused by the government and regulation, the Bell system evolved into a very capable …