The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses.
This paper reviews the part played by economists in organising the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised 22 1/2 billion pounds ($34 billion or 2 1/2% of GNP) and was widely described at the time as the biggest auction ever. We discuss the me...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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2002
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| _version_ | 1826286660774526976 |
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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 organising the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised 22 1/2 billion pounds ($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 | 2024-03-07T01:47:03Z |
| format | Journal article |
| id | oxford-uuid:98c45688-efd1-4f56-9c5f-2b8bb1ce50af |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:47:03Z |
| publishDate | 2002 |
| record_format | dspace |
| spelling | oxford-uuid:98c45688-efd1-4f56-9c5f-2b8bb1ce50af2022-03-27T00:09:20ZThe Biggest Auction Ever: The Sale of the British 3G Telecom Licenses.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:98c45688-efd1-4f56-9c5f-2b8bb1ce50afEnglishDepartment of Economics - ePrints2002Binmore, KKlemperer, PThis paper reviews the part played by economists in organising the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised 22 1/2 billion pounds ($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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