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Chapter 47: What the IPL Can Learn from Telecom
What the IPL Can Learn from Telecom
The IPL is a professional Twenty20 cricket league in India contested during April and May of every year by teams representing Indian cities and some states. The IPL is the most-attended cricket league in the world and in 2014 ranked sixth by average attendance among all sports leagues. The league allocates players to different teams using the method of auctions. However, every year a number of top cricketers remain unpicked. In this context, this chapter examines the best practices for such auctions, referred to a multi-unit auctions, by studying the design features present in the auction of telecommunications spectrum and proposes changes in the format of the IPL auction that can ...