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Paul Milgrom

Airwaves of Innovation: Milgrom & Kwerel on the Past and Future of Spectrum Auctions
Feb. 7, 2024

Airwaves of Innovation: Milgrom & Kwerel on the Past and Future of Spectrum Auctions

The journey to implementing spectrum auctions was not without its challenges. Evan Kwerel shed light on the initial resistance, particularly from the broadcasting industry and legislators. Concerns about market concentration and the potential costs of spectrum use were at the forefront of the debate. Despite these hurdles, the need for government revenue and the inefficiency of the existing system for cellular licenses were catalysts for change. Paul Milgrom provided a fascinating comparison bet...