Journal article

The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses.

Abstract:: 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 merits of auctions versus "beauty contests", the aims of the auction, the problems we faced, the auction designs we considered, and the mistakes that were made.

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APA Style

Binmore, K., & Klemperer, P. (2002). The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses. Economic Journal, 112.

MLA Style

Binmore, K., and P. Klemperer. “The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses.” Economic Journal, vol. 112, 2002.

Chicago Style

Binmore, K., and P. Klemperer. 2002. “The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses.” Economic Journal 112.
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Authors

+ Binmore, K More by this author

Role:: Author

+ Klemperer, P More by this author

Role:: Author

Journal:: Economic Journal More from this journal
Volume:: 112
Publication date:: 2002-01-01
ISSN:: 0013-0133

Language:: English
UUID:: uuid:98c45688-efd1-4f56-9c5f-2b8bb1ce50af
Local pid:: oai:economics.ouls.ox.ac.uk:10497
Deposit date:: 2011-08-16
ARK identifier:: ark:/29072/ora_98c45688efd14f569c5f2b8bb1ce50af

Terms of use

Copyright date:: 2002

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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