{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\nEconomist Paul Milgrom - ScienceLives\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nScience360\n\n\n
\n
\nIn 1994, when the Federal Communications Commission decided to allocate broadcast licenses via auction rather than lottery, it didn't do so in a vacuum. The rationale for the move came from the work of economists and other researchers —...\nIn 1994, when the Federal Communications Commission decided to allocate broadcast licenses via auction rather than lottery, it didn't do so in a vacuum. The rationale for the move came from the work of economists and other researchers — Paul Milgrom key among them. 

He and colleague Robert Wilson developed the \"simultaneous ascending auction\" based on their previous research in game theory. As of December, 2011, the spectrum auctions have put more than $51 billion into the U.S. Treasury, according to the FCC.\n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
6:40
\n
\n
\n
\n
\n
Grade
12th - Higher Ed
\n
\n
\n
\n
\n
Subjects
Science
13 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nScience360\n\n
\n
\n
\n
\n
\n
Date
\n
2014
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
scientists, work, economics
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
ideas, remember, important, exciting, stanford, national science foundation, benefits, colleagues, learning, effects, lecture, head, science, radio spectrum, interested, inspiration, people, general science, thought, case, experiments, sciences, idea, science experiments, auctions, sort, roger myerson, graduated, failures, stuff, students, thing, william vickrey, simple, william vickery, excited
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Best For: Explaining a topic
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Economist Paul Milgrom - ScienceLives\" href=\"/subscription/new\">\"Economist\n\n
\n
\n
\n\n\n\n"}