Sign In
Not register? Register Now!
Essay Available:
Pages:
3 pages/≈825 words
Sources:
4 Sources
Style:
Other
Subject:
Business & Marketing
Type:
Other (Not Listed)
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.58
Topic:

Auction Design: Wireless Spectrum Rights

Other (Not Listed) Instructions:

Video record your PA in a 3- to 5-minute presentation. Create a PowerPoint presentation (or Prezi, Google Slides, etc.) to accompany your recording. You may use any software of your choice to record. Check out the following links for additional support.
The Federal Communications Commission (FCC) has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue. Since most bidders are large telecommunications companies, you rationally surmise that all participants in the auction are risk neutral. Which auction type—first-price, second-price, English, or Dutch—would you recommend if all bidders value spectrum rights identically but have different estimates of the true underlying value of spectrum rights?

Other (Not Listed) Sample Content Preview:


Speech Draft: Wireless Spectrum Rights Auction
Student’s Name
Institutional Affiliation
Couse
Professor’s Name
Due Date
Background to the Problem
As a consultant for the Federal Communications Commission (FCC), I need to leverage the auctions to sell wireless spectrum rights to maximize the entity’s profitability. Most of the bidders are giant telecommunications firms, and it is assumed that all the participants in this auction are risk-neutral. This implies they are interested in optimizing the expected returns since revenue variations do not influence their bidding decisions. In this case, I need to ensure that FCC makes the most revenue and closes the auction within the shortest time possible. At the same time, the bidders would be attempting to buy the spectrum rights based on their desired valuation.
Types of Auctions
Four types of auctions are considered for this analysis: English, first-price, second

...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

You Might Also Like Other Topics Related to human rights:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now