Where, Who, and How? Understanding Spatial Effects on Auction Outcomes and Bidder Strategy in the Rural Digital Opportunity Fund Phase I Auction (Auction 904)

<a href="https://embed.stanford.edu/iframe/?url=https%3A%2F%2Fpurl.stanford.edu%2Fgd518zn2934" class="su-underline">Show Content</a>

Abstract/Contents

Abstract: FCC Auction 904 (Rural Digital Opportunity Fund Phase I) allocated 9.2 billion dollars out of an initially allocated 16 billion dollars for high-speed rural internet access subsidies. The auction was structured as a simultaneous descending clock auction across 61,766 census block groups (CBGs) and 286 bidders. In this paper, we propose a geospatial model of bidder value. We specifically concentrate on assessing competitiveness relative to the bidders’ existing service footprints. Geospatial organization strongly impacts auction outcomes, with neighboring/existing bidders going ~0.2 rounds further in post clearing round bids. Further, existing bidders who do not win are extremely strong competitors pushing winners by ~0.7-0.8 rounds more than wild tract second-place bidders. Finally, these results are robust to bidder-fixed effects and the inclusion of satellite bidders.

Subject	Auctions
Subject	United States. Federal Communications Commission
Subject	Internet
Subject	Rural development
Subject	Subsidies
Genre	Text
Genre	Thesis

DOI	https://doi.org/10.25740/gd518zn2934
Location	https://purl.stanford.edu/gd518zn2934

Use and reproduction: User agrees that, where applicable, content will not be used to identify or to otherwise infringe the privacy or confidentiality rights of individuals. Content distributed via the Stanford Digital Repository may be subject to additional license and use restrictions applied by the depositor.
License: This work is licensed under a Creative Commons Attribution Non Commercial 4.0 International license (CC BY-NC).

Preferred citation: Soni, P. (2023). Where, Who, and How? Understanding Spatial Effects on Auction Outcomes and Bidder Strategy in the Rural Digital Opportunity Fund Phase I Auction (Auction 904). Stanford Digital Repository. Available at https://purl.stanford.edu/gd518zn2934. https://doi.org/10.25740/gd518zn2934.

Stanford University, Department of Economics, Honors Theses

Loading usage metrics...