EconPapers    
Economics at your fingertips  
 

Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions

Lawrence M. Ausubel (), Peter Cramton (), Randolph McAfee and John McMillan
Additional contact information
Lawrence M. Ausubel: Economics Department, University of Maryland, http://www.econ.umd.edu

Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton

Abstract: We examine bid data from the first two broadband PCS spectrum auctions for evidence of value synergies. First, we estimate a benchmark regression for the determinants of final auction prices. Then, we include variables reflecting the extent to which bidders ultimately won or already owned the adjacent wireless properties. Consistent with geographic synergies in an ascending-bid auction, prices were higher when the highest-losing bidder had adjacent licenses. The footprints of winning bidders suggest that they were often successful in realizing these synergies.

Keywords: Auctions; Multi-Object Auctions; Spectrum Auctions (search for similar items in EconPapers)
JEL-codes: D44 L96 (search for similar items in EconPapers)
Date: 1998-06-09, Revised 1998-06-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Published in Journal of Economics and Management Strategy, 6:3, Fall 1997, pages 497-527.

Downloads: (external link)
http://www.cramton.umd.edu/papers1995-1999/97jems- ... reless-telephony.pdf Full text (application/pdf)

Related works:
Journal Article: Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions (1997) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pcc:pccumd:97jems

Access Statistics for this paper

More papers in Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton Economics Department, University of Maryland, College Park, MD 20742-7211.
Bibliographic data for series maintained by Peter Cramton ().

 
Page updated 2020-01-17
Handle: RePEc:pcc:pccumd:97jems