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Handbook of Spectrum Auction Design (Hardcover)
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Handbook of Spectrum Auction Design (Hardcover)
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Following the successful PCS Auction conducted by the US Federal
Communications Commission in 1994, auctions have replaced
traditional ways of allocating valuable radio spectrum, a key
resource for any mobile telecommunications operator. Spectrum
auctions have raised billions of dollars worldwide and have become
a role model for market-based approaches in the public and private
sectors. The design of spectrum auctions is a central application
of game theory and auction theory due to its importance in industry
and the theoretical challenges it presents. Several auction formats
have been developed with different properties addressing
fundamental questions about efficiently selling multiple objects to
a group of buyers. This comprehensive handbook features classic
papers and new contributions by international experts on all
aspects of spectrum auction design, including pros and cons of
different auctions and lessons learned from theory, experiments,
and the field, providing a valuable resource for regulators,
telecommunications professionals, consultants, and researchers.
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