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: | Binmore, K, Klemperer, P |
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Format: | Journal article |
Language: | English |
Published: |
2002
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