This has been a particular problem in the design of spectrum auctions and electricity exchanges.

And that, in turn, would mean no revenue for the government from spectrum auctions.

Two months ago, Germany concluded a spectrum auction in which six companies agreed to pay more than $46 billion for licenses.

Yet the current rules for the spectrum auction give them an advantage.

To date, the latter of these two options is the only one to be used in the spectrum auctions.

This year's spectrum auction will be conducted over the internet and over the telephone.

The objective was to strengthen the focus on the top performing circles ahead of the 2012 spectrum auction.

Response to the 2013 spectrum auction was also very poor.

I want to say one last word on spectrum auctions.

The fact is that the astronomical prices that result from spectrum auctions always end up with consumers having to foot the bill.