On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
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Example - Wireless Spectrum <strong>Auctions</strong><br />
FCC uses auctions to sell rights to use wireless spectrum.<br />
Companies such as AT&T, Verizon, etc, bid for spectrum licenses.<br />
Each bundle of licenses has a value for AT&T, Verizon, etc.<br />
A bundle of licenses might be more valuable than <strong>the</strong> individual<br />
ones.<br />
Objective - maximize FCC’s revenue from spectrum sale.
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