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The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10009615427
Persistent link: https://www.econbiz.de/10001616676
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10013320762
Persistent link: https://www.econbiz.de/10012201263
estimate the magnitude of license complementarity by modeling the bidding process as an entry game with interdependent markets … ($19 billion) in Auction 73. Complementarity in a 1 MHz nationwide license is worth $918 million to an average large bidder … revenue substantially at the cost of reducing bidder surplus and increasing license allocation concentration …
Persistent link: https://www.econbiz.de/10014110711
the cost of reducing bidder surplus and increasing license allocation concentration …
Persistent link: https://www.econbiz.de/10013309790