Selling Spectrum Rights

The article, "Selling Spectrum Rights", John Macmillan stated that the government had many aims which complicated auction design, including the prevention of monopolization, promotion of more minority firms in the game, achieving efficiency, as well as generating revenues for government. Although for example, Europe governments made a lot of money on the 3G licenses and allowed countries that were formally out of the loop to become part of modern society, the Europe telecoms used it inefficiency. They paid high price (over euro100 billion) in 3G technology have resulted in auctions fairin…