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Design of the 3G Spectrum Auctions in the UK and Germany: An Experimental Investigation

Author

Listed:
  • Seifert Stefan
  • Ehrhart Karl-Martin

    (University of Karlsruhe, Karlsruhe, Germany)

Abstract

This paper analyses the auction designs chosen for awarding 3G licences in the UK and Germany and compares them with respect to revenues and bidders’ surplus using a laboratory experiment. In our study with a given number of bidders, the German design leads to higher revenues. However, bidder surplus in the German design is lower and bidders face a severe exposure problem. Because this might discourage participation, it will probably lead to less competitive bidding in real applications.

Suggested Citation

  • Seifert Stefan & Ehrhart Karl-Martin, 2005. "Design of the 3G Spectrum Auctions in the UK and Germany: An Experimental Investigation," German Economic Review, De Gruyter, vol. 6(2), pages 229-248, May.
    • Handle: RePEc:bpj:germec:v:6:y:2005:i:2:p:229-248
    DOI: 10.1111/j.1465-6485.2005.00128.x
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    Cited by:

    1. Estache, Antonio & Iimi, Atsushi, 2008. "Procurement efficiency for infrastructure development and financial needs reassessed," Policy Research Working Paper Series 4662, The World Bank.

    More about this item

    Keywords

    Spectrum auctions; laboratory experiments;

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