The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses.
This paper reviews the part played by economists in organizing the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised $22 1/2 billion ($34 billion or 2 1/2% of GNP) and was widely described at the time as the biggest auction ever. We discuss the merits o...
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| Format: | Working paper |
| Language: | English |
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Nuffield College (University of Oxford)
2001
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| _version_ | 1797070796508626944 |
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| author | Binmore, K Klemperer, P |
| author_facet | Binmore, K Klemperer, P |
| author_sort | Binmore, K |
| collection | OXFORD |
| description | This paper reviews the part played by economists in organizing the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised $22 1/2 billion ($34 billion or 2 1/2% of GNP) and was widely described at the time as the biggest auction ever. We discuss the merits of auctions versus "beauty contests", the aims of the auction, the problems we faced, the auction designs we considered, and the mistakes that were made. |
| first_indexed | 2024-03-06T22:44:06Z |
| format | Working paper |
| id | oxford-uuid:5c903115-6c15-490d-a7d8-8334f87afa95 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:44:06Z |
| publishDate | 2001 |
| publisher | Nuffield College (University of Oxford) |
| record_format | dspace |
| spelling | oxford-uuid:5c903115-6c15-490d-a7d8-8334f87afa952022-03-26T17:29:01ZThe Biggest Auction Ever: the Sale of the British 3G Telecom Licenses.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:5c903115-6c15-490d-a7d8-8334f87afa95EnglishDepartment of Economics - ePrintsNuffield College (University of Oxford)2001Binmore, KKlemperer, PThis paper reviews the part played by economists in organizing the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised $22 1/2 billion ($34 billion or 2 1/2% of GNP) and was widely described at the time as the biggest auction ever. We discuss the merits of auctions versus "beauty contests", the aims of the auction, the problems we faced, the auction designs we considered, and the mistakes that were made. |
| spellingShingle | Binmore, K Klemperer, P The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses. |
| title | The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses. |
| title_full | The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses. |
| title_fullStr | The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses. |
| title_full_unstemmed | The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses. |
| title_short | The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses. |
| title_sort | biggest auction ever the sale of the british 3g telecom licenses |
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