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Summer School 6: When the markets need a designer

Planet Money

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Navigating Airwave Auctions

This chapter explores the FCC's challenges in reallocating mobile bandwidth amidst increasing demand, focusing on a revolutionary auction involving TV stations and telecommunications companies. It discusses the complexities and market dynamics that emerged, highlighting strategies employed to ensure a successful auction while also revealing the exploitative tactics used by some participants. The chapter emphasizes the necessity of fairness in market design to maintain engagement and efficiency, along with an overview of double auction mechanics and their implications.

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