Q1 Klemperer Questions 10 Points Questions based on the reading from Klemperer, "How (not) to run auctions: The European 3G telecom auctions", Sections 1-4. Q1.1 2 Points What, according to Klemperer, are the two main issues in auction design that "really matter" and how are these issues similar what matters for the proper functioning of competitive markets? Enter your answer here Save Answer Q1.2 2 Points What are some of the practical problems associated with ascending-bid auctions and why are those problems also not generally associated with sealed-bid auctions? Enter your answer here Save Answer Q1.3 2 Points Why do you think that the ascending bid auction is more likely than a sealed-bid auction to allocate the item for sale to the bidder who values the item the most? Enter your answer here Save Answer Q1.4 2 Points UK: How did the Anglo-Dutch auction format work and what was the rationale behind the initial proposal? Enter your answer here Save Answer Q1.5 2 Points The Netherlands: Given that the Netherlands had five incumbent firms and five licenses for sale, why was the ascending-bid auction a bad idea? Enter your answer here