FUEL for 5g

Auctionomics, working on behalf of the C-Band Alliance, has proposed a novel auction design called FUEL (“flexible use and efficient licensing”) to sell rights to use the C-band for 5g. The design, proposed in June 2019, is a combinatorial design in which bidders can bid for between 0-9 licenses in each of 406 different geographic areas  (“partial economic areas”) identified by the FCC. The new concept of “bid groups” makes it possible for any bidder to make a rich set of bids for many different packages of licenses in a compact way and for the auctioneer to solve an optimization problem to identify the winning bids from a vast set of possible combinations. A white paper describing the key details of the FUEL design is attached.