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The 'LSE' essay structure can be described as 'say what you're going to say (intro), say it in detail (main body), say what you've said (conclusion)'.Although this may appear repetitive, it offers the reader great clarity.
The best way for government to sell available resources is to declare an auction. Modern auction theory is a very powerful tool for designing auctions of very profitable kind.
Proper auction design will rise maximum amount of money for the government and provide companies with resources they need.
Participants were not completely aware of the usefulness of 3G cell phones, but were eager to get competitive advantage in the new generation mobile communication technology.
Secondly, UK sold 5 licenses to the market with 4 major phone operators.
Firstly it should be said that auctions as any normal business activity should be competitive in order to be effective.
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UK spectrum auction was relatively competitive attracting 13 participants.An essay has conventional sections that it is wise to follow.These are an introduction, main body and a conclusion.This fact allows as to trace features of the auctions that were successful and resulted in relatively high revenues for the government.There were 6 European countries to held spectrum right auctions in 2000.Writing for Economics The idea of setting essays is to offer you the chance to make a longer, more complex argument.Nonetheless, in the model we recommend, the fundamentals remain the same.In this essay I would like to make a kind of short review of auctions of spectrum rights for third generation mobile phones held in Europe in year 2000.The peculiarity of these auctions lies in the fact that revenues that were generated by European governments are different as a result of differently designed actions they held.There are several reasons why this action attracted so many participants.Firstly, UK was the first country in the world to hold spectrum rights auction.