Under the Troubled Asset Relief Program, the Treasury plans to use reverse auctions to purchase troubled assets and restore liquidity.
Challenges arise from the complexity and diversity of the distressed assets, and the risk that only the worst of these assets may be purchased. This article discusses factors the Treasury and its auction manager need to consider in designing the auction, as well as steps bidders need to take to prepare to participate.
Estimating private costs in a descending clock auction: The FCC’s rural digital opportunity fund
Millions in rural and low-income areas lack high-speed Internet due to providers avoiding these regions, expecting low revenue. This absence can hinder...