This week in class we had several types of auctions: Dutch, English, English second price, Blind, Blind second, etc. Each group bid against each other and decided what the best strategies where for each auction type. I never known there were so many different types. Coming from a small fishermen town, I always wondered why the fish was always sold with a Dutch auction. Now I realize that it needs to be sold before it spoils. I was also amazed how fast the auctions were, most of the time I couldn’t even follow. Of course I was 
10 years old. We also learned about the FCC on-line spectrum auctions, and how the rights to the different frequencies are sold. I didn’t even know companies had to buy the right to use the airwaves.
The Following article: Airwaves auction still faces challenge talks about the upcoming FCC’s 700MHz spectrum auction. They include an "open access" 
requirements on about a third of the spectrum, which is being made available thanks to the transition to digital broadcasting by TV stations. It is expected to raise as much as $15 billion in an auction to begin Jan. 24. The winner will be required to permit wireless customers to use whatever phones and software they choose, as long as it doesn't harm the 
network. This rule already originated several lawsuits, including Verizon, claiming the agency had exceeded its authority.
requirements on about a third of the spectrum, which is being made available thanks to the transition to digital broadcasting by TV stations. It is expected to raise as much as $15 billion in an auction to begin Jan. 24. The winner will be required to permit wireless customers to use whatever phones and software they choose, as long as it doesn't harm the 
network. This rule already originated several lawsuits, including Verizon, claiming the agency had exceeded its authority.
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