Nonetheless, in the model we recommend, the fundamentals remain the same. If you read through academic writing, you will find this structure over and over.
Firstly it should be said that auctions as any normal business activity should be competitive in order to be effective. UK spectrum auction was relatively competitive attracting 13 participants. 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. Abstract: The design of the FCC spectrum-license auction is a case study in the application of economic theory. Auction theory helped address policy questions such as: Should an open auction or a sealed-bid auction be used? Should the licenses be auctioned sequentially or simultaneously? Should the. Download Citation on ResearchGate | Selling Spectrum Rights | The design of the FCC spectrum-license auction is a case study in the application of economic theory. Auction theory helped address.
The same is true for professional writing. There are of course other structures, however this one always works and makes you sound concise and clear.
An essay has conventional sections that it is wise to follow. These are an introduction, main body and a conclusion. The 'LSE' essay structure can be described as 'say what you're going to say introsay it in detail main bodysay what you've said conclusion '.
Although this may appear repetitive, it offers the reader great clarity. In your essay, try to follow this structure for your essay sections. Intro Statement about the context of the question - explain why the question in important either in the 'real' world or for the discipline of economics Give you answer to the question Summarise your argument in support of this answer - this summary should match the order of your paragraphs Main body Decide on the most logical order of your paragraphs - this might be importance, chronology or causation, but the basic flow should be simple and clear Start each paragraph with a sentence that clearly addresses the question itself - this will be your thesis for the paragraph and if a reader only read these opening sentences, they should make sense one after the other and provide a summary of your argument Follow the opening 'topic' sentence with your reasoning and evidence for why this opening statement is valid.
Be specific, not general. The more detail you can bring in, the more expert you will sound and the more persuasive your argument will be Conclusion Summarise your argument again - as you did in the intro different words though! Restate your answer to the essay question So what?
Bearing the above in mind, decide which one makes the clearer argument and which, therefore, got the higher mark. Essay 1 In the yearthere were auctions of spectrum rights for third generation mobile telephones in several European countries.
These auctions generated very different amount of revenue in different countries. How can this be explained? Auction theory as a very useful brunch of game theory is of the great interest of modern economists.
Among other reasons of its popularity stands direct importance of its ideas to modern businesses and governments. Nowadays any business sector is more or less competitive, which requires all it's participants to be dynamic and creative. Modernization and expansion is a vital part of modern business world.
Governments, as owners of resources that allow businesses to expand and modernize, are always ready to sell those resources as it will eventually help businesses and certainly bring revenues. The best way for government to sell available resources is to declare an auction. That's where auction theory comes into play.
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.
However actions that maximize profits for the government have a direct influence also on the life of the citizens, as Dixit puts it: So, auctions held by government, and to be more specific properly designed actions directly influence the life of modern country.
|More Essay Examples on Abortion Rubric In my personal opinion, I believe the death penalty should be broadened, if anything. People who commit acts of heinous violence have no place in society, besides prison society which is costly to us taxpayers, who are also the victims.|
|But, selling can span a spectrum somewhere between telling and boasting. The key for you is to find the right spot on that spectrum—to tell your story without seeming to boast too much about your own accomplishments.|
|Nonetheless, in the model we recommend, the fundamentals remain the same.|
|Writing for Economics: Essay writing||
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 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.
This fact allows as to trace features of the auctions that were successful and resulted in relatively high revenues for the government."Assigning Property Rights to Radio Spectrum Users: Why Did FCC License Auctions Take 67 Years?," Journal of Law and Economics, University of Chicago Press, vol.
41(2), pages , October. Peter Cramton & Evan Kwerel & Gregory Rosston & Andrzej Skrzypacz, The article, "Selling Spectrum Rights", John Macmillan stated that the government had many aims which complicated auction design, including the prevention of monopolization, promotion of more minority firms in the game, achieving efficiency, as well as generating revenues for government.
Economics: Auction and Spectrum Rights Auction Essay; Economics: Auction and Spectrum Rights Auction Essay Strategy that United Kingdom had chosen was selling 5 licenses during classical ascending auction.
Auction resulted in huge revenues: euros per capita. Economics: Auction and Spectrum Rights Auction Essay Essay . Firstly it should be said that auctions as any normal business activity should be competitive in order to be effective.
UK spectrum auction was relatively competitive attracting 13 participants. 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. Essay about political spectrum People use the political spectrum to evaluate where they are politically, whether they are more liberal or conservative.
The right, or conservative, side of the political spectrum consists of the republicans while the left, or liberal, side consists of the democrats. After carefully reviewing what it means to be a liberal or a conservative, I have found that I have mixed beliefs depending on what the issue is - Political Spectrum introduction.
With that being said, I still tend to find myself leaning a bit more to the left, than the right, making me fall into.