There are clearly many irregularities in the manner in which 2G spectrum was given away by the government. Any scientific auction model to sell scarce public resources ought to use proper auction theory. The US used such a model when US vice-president Al Gore auctioned airwaves in 1994-95, assisted by game theorists and economists. The total revenues generated then were more than $10 billion. The Indian equivalent 14 years later in 2008 on first-come-first-served basis is almost a Stone Age strategy.
Ranjan K Sahoo Kolkata