Here's an interesting story from Priconomics about spectrum auctions & Milgrom and goes into the past to discuss how Milgrom created an Excel spreadsheet on mul

Here's an interesting story from Priconomics about spectrum auctions & Milgrom and goes into the past to discuss how Milgrom created an Excel spreadsheet on multiple floppy disks to run this first "online" auction for the FCC - https://priceonomics.com/the-spectrum-auction-how-economists-saved-the-day/ https://priceonomics.com/the-spectrum-auction-how-economists... It should be noted that the auction format Milgrom created for the first FCC auction, the SMR auction, is no longer the preferred auction format for spectrum auction. The preferred format has shifted to a general clock auction (round-by-round for generic blocks) with a supplement round where the actual blocks are assigned in a Vickrey algorithm. Additionally, as computing power has increased, the "combinatorial" format has become popular in many countries (Canada, UK) where bidders can submit different package bids which are all taken into account with the winner determined by a SAT solver.