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5 the power of a simple idea when the technology

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Unformatted text preview: quot;The idea that broadcast licenses could be auctioned off and that the outcome would be in the public interest was first advanced in the economics literature in the 1970s. [...] By all accounts, the results were successful, with benefits that far exceed all research funding for economics summed over all of history." Objectives today 1. 2. 3. 4. 5. 6. Get to know one another Optimization with constraints: plug-in method Partial derivatives Optimization with constraints: Lagrangean Linear approximations Optimization with constraints: variations...
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