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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 22.5 billion pounds ($34 billion or 2.5% of GNP) and was widely described at the time as the biggest auction ever.We discuss the...
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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 $22.5 billion ($34 billion or 2.5% of GNP) and was widely described at the time as the biggest auction ever.We discuss the merits of...
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