Showing 1 - 10 of 1,198
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...
Persistent link: https://www.econbiz.de/10005792157
The most important issues in auction design are the traditional concerns of competition policy-preventing collusive, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we discuss radiospectrum and football TV-rights...
Persistent link: https://www.econbiz.de/10005114514
This paper presents results from a calibrated welfare model of the UK mobile telephony market which includes many mobile networks; calls to and from the fixed network; networkbased price discrimination; and call externalities. The analysis focuses on the short-run effects of adopting lower...
Persistent link: https://www.econbiz.de/10008468563
Europe has taken the global lead in the issuance of third generation (3G) licences for mobile telecommunications according to the UMTS/IMT-2000 family of standards. We survey the recent European UMTS licence auctions and compare their outcomes with the predictions of a simple auction model that...
Persistent link: https://www.econbiz.de/10005792176
regulation or extended liability. Criminal sanctions, in the form of imprisonment, certainly bring benefits (and costs) in terms …
Persistent link: https://www.econbiz.de/10005136460
The Paper addresses the issue of coordinated effects of mergers in the framework of a differentiated products model. Firms’ assets are product varieties that can be sold individually or entirely transferred to another firm in a merger. We show that under symmetric optimal punishment schemes...
Persistent link: https://www.econbiz.de/10005667006
The optimal competition policy when licensing is an alternative to a merger, which has the intention of transferring a superior technology, and is derived in a differentiated goods duopoly, as in the cases of Cournot and Bertrand competition. We show that whenever both royalties and fixed fees...
Persistent link: https://www.econbiz.de/10005792457
This Paper shows that predation might help firms overcome the free riding problem of mergers by changing the acquisition situation in the buyer's favour relative to the firms outside the merger. It is also shown that the bidding competition for the prey's assets is most harmful to predators when...
Persistent link: https://www.econbiz.de/10005661959
This paper investigates the effect of corruption on competition in government procurement auctions. Our assumption is that the bureaucrat (i.e. the agent that administers the market), if corrupt, may provide a favour in exchange for a bribe. The favour we consider in most of our analysis is the...
Persistent link: https://www.econbiz.de/10005662229
study the effect of a net neutrality regulation on capacity investments in the market for Internet access, and on innovation …
Persistent link: https://www.econbiz.de/10011083479