The problem with the spectrum auction was that any phone company that didn't win some space on the spectrum was effectively dead in the water - which meant it was a case of pay or die. This doesn't work for much the same reason that selling critical medical care doesn't work - when you must have something its value is infinite...
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Date: 2008-10-20 11:25 am (UTC)The problem with the spectrum auction was that any phone company that didn't win some space on the spectrum was effectively dead in the water - which meant it was a case of pay or die. This doesn't work for much the same reason that selling critical medical care doesn't work - when you must have something its value is infinite...