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Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions

dc.contributor.authorAusubel, Lawrence M.
dc.contributor.authorCramton, Peter
dc.contributor.authorMcAfee, R. Preston
dc.contributor.authorMcMillan, John
dc.identifier.citation"Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions," (with Lawrence M. Ausubel, R. Preston McAfee, and John McMillan) Journal of Economics and Management Strategy, 6:3, 497-527, 1997.
dc.description.abstractWe 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.en
dc.format.extent912940 bytes
dc.subjectPCS spectrum auctionsen
dc.subjectGeographic synergyen
dc.subjectauction prices
dc.titleSynergies in Wireless Telephony: Evidence from the Broadband PCS Auctionsen
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtEconomics Departmenten_us
dc.relation.isAvailableAtCollege of Behavioral and Social Sciencesen_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md.)en_us
dc.rights.licenseThe definitive version is available at

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