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They haven't worked super well anywhere, have they? The effect where the auction sucks all the money out of the industry occurs everywhere, it is just that in s
by upofadown 6y ago
They haven't worked super well anywhere, have they? The effect where the auction sucks all the money out of the industry occurs everywhere, it is just that in some places there are entrenched monopolies with lots of money willing to pay the kickback for exclusivity.
- tryptophan 6y agoIts what the USA uses, and I guess it works fairly well here. I guess India followed the law of how to run these auctions, but did not follow it in spirit, messing things up(I'm guessing politicians fiddled with it) and led to the bad outcome.
- toast0 6y agoWe've only got 3.5 networks to choose from, competition on price is mediocre. It's more competitive than residential networks in most of the country, but that's not saying much.
- bluedevil2k 6y agoThey work extremely well in almost every country in the world. The situation described in the article in India was an unusual circumstance, and obviously the bidders overpaid for the spectrum given that the ultimate customers have very limited financial means. It’s possible this may repeat itself in other similar countries with high population and low income levels. That definitely doesn’t mean it doesn’t work elsewhere. I’ve personally been involved in Singapore, Belgium, Sweden and Mexico’s spectrum auctions and the results have been very successful. As further proof, if countries felt they weren’t successful we would see the number of auctions decreasing. It’s the exact opposite, the expected number of spectrum auctions in the next 2-3 years is extremely high. It’s a quick way to make some money for governments struggling to raise money right now. (I provide the software used in many spectrum auctions in the world)