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Game Theory (31 Oct 2003)
In 2000, the UK government received a windfall of around 23 billion pounds from its auction of third generation (3G) mobile phone licences. This astronomical sum wasn't the result of corporate bidders "losing their heads", but a careful strategy designed to maximise proceeds for the Treasury.
Article URL: http://www.bbc.co.uk/radio4/science/another55.shtml
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