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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (13599)	7/12/2001 6:54:18 AM
From: 49thMIMOMander	Respond to of 34857

Start with the first, unlucky the original is not available anymore, the one praising the auction. Reading that first would make it easier to understand the revision. nuff.ox.ac.uk 1 Disclaimer : I was the principal auction theorist advising the U.K. government’s Ra-diocommunications Agency, which designed and ran the recent U.K. mobile-phone license auction. Ken Binmore had a leading role and supervised experiments testing the pro-posed designs. Other academic advisors included Tilman Borgers, Jeremy Bulow, Philippe Jehiel, and Joe Swierzbinski. The viewsexpressed inthis paperare mine alone. Although some observers thought some of the behaviour described below warranted further investigation, I do not intend to suggest that any of it is improper or violates any applicable rules or laws. -- Who knows, Kemplerer might some day analyze the US varying pioneering, lottery, incumbent and NextWave auctions?? At that time he might be ready for buying up potato in the local market, not just tulips in Holland. Ilmarinen Tulip auction in Holland are descending, the price starts at a max, falls, the first to press a button gets it. (Kemplerer points out many aspects which guarantee that a UK-style auction goes haywire, mainly limited number of goods to sell and incumbent monopolies, but that was, obviously nothing new at that time, but perfect for the incumbents as long as their funding is strong enough, the others go bankrupt, bought at 10 cents a dollar)