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Small Bidder Preferences in FCC Spectrum Auctions
By Alexandra Zrenner and Chidinma Hannah Nnoromele The Federal Communications Commission faces a congressional mandate to ensure the participation of small business in its spectrum auctions. The FCC addresses this mandate using preferences for small bidders. This paper examines the impact on auction competition and outcomes of two preferences: bid credits and closed licenses. Bid […]
Structural Estimation of FCC Bidder Valuation
By Renhao Tan, Zachary Lim, and Jackie Xiao We modify a method introduced in Fox and Bajari (2013) which structurally estimates the deterministic component of bidder valuations in FCC spectrum auctions based on a pairwise stability condition: two bidders cannot exchange two licenses in a way that increases the sum of their valuations, and we […]
