solution

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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