Your company is bidding for a broadband spectrum license. You are asked to
submit an optimal bidding strategy. You expect that bidders will have independent
private values for the licenses because each bidder presently has a
different structure in place. You believe the valuations for these licenses will be
between $200 million and $700 million. Your own valuation is $650 million.
There is some uncertainty about the auction design that will be used, so you
must suggest an optimal bidding strategy for the following auction designs:
a. Second-price, sealed-bid auction.
b. English auction.
c. Dutch auction.
Please describe your strategy. Is it a dominant strategy?
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