Replication data for: Measuring the Efficiency of an FCC Spectrum Auction

Principal Investigator(s): View help for Principal Investigator(s) Jeremy T. Fox; Patrick Bajari

Name	File Type	Size	Last Modified
.ds_store	application/octet-stream	6 KB	10/12/2019 07:23:PM
adjacency-bta.csv	text/plain	476.5 KB	10/12/2019 07:23:PM
air-travel-passengers-bta-year-1994.csv	text/plain	510.5 KB	10/12/2019 07:23:PM
american-travel-survey-1995-zero.csv	text/plain	476.4 KB	10/12/2019 07:23:PM
biddercblk_03_28_2004_pln.csv	text/plain	11.9 KB	10/12/2019 07:23:PM
btadata_2004_03_12_1.csv	text/plain	31.2 KB	10/12/2019 07:23:PM
btamatrix_merged.csv	text/plain	476.5 KB	10/12/2019 07:23:PM
btastatsexport.csv	text/plain	26.4 KB	10/12/2019 07:23:PM
cblock-bid-withdrawals-in-current-round.csv	text/plain	7 KB	10/12/2019 07:23:PM
cblock-eligibility-round-matrix-1.csv	text/plain	234 KB	10/12/2019 07:23:PM

Project Description

Summary: We propose a method to structurally estimate the deterministic component of bidder valuations in FCC spectrum auctions, and apply it to the 1995-1996 C block auction. We base estimation on a pairwise stability condition: two bidders cannot exchange two licenses in a way that increases the sum of their valuations. Pairwise stability holds in some theoretical models of simultaneous ascending auctions under intimidatory collusion and demand reduction. Pairwise stability results in a matching game approach to estimation. We find that a system of four large regional licenses would raise the allocative efficiency of the C block outcome by 48 percent. (JEL D44, D45, H82, L82)

Scope of Project

JEL Classification:
      D44 Auctions
      D45 Rationing; Licensing
      H82 Governmental Property
      L82 Entertainment; Media

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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