Spectrum Auctions: How They Should and How They Should Not Be Shaped
AbstractSpectrum auctions are multiple-unit auctions where the objects auctioned are not necessarily identical. It is shown that the requirement of independent bids in such auction can prevent the existence of pure strategy equilibria (which implies inefficiency). Thus, we suggest that spectrum auctions should allow combinatorial bids. Additionally, all the auctions mentioned were multiple-round auctions - those are shown to offer an invitation to collude. A Folk Theorem as in repeated games can be proven. Preferable to a multiple-rounds scheme is a Vickrey auction, or, at least, the multiple-rounds scheme should (with a certain probability) be supplemented with a publicly announced last round. The paper is also (briefly) concerned with some other problems as a simultaneous vs. sequential procedure, the Winners' Curse, entry into the auctions, and the consideration of consumers' interests in the resulting (e.g. mobile phone) market.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal FinanzArchiv.
Volume (Year): 58 (2001)
Issue (Month): 3 (July)
Contact details of provider:
Web page: http://www.mohr.de/fa
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Klaus Abbink & Bernd Irlenbusch & Paul Pezanis-Christou & Bettina Rockenbach & Abdolkarim Sadrieh & Reinhard Selten, 2001.
"An Experimental Test of Design Alternatives for the British 3G / UMTS Auction,"
Bonn Econ Discussion Papers
bgse25_2001, University of Bonn, Germany.
- Abbink, Klaus & Irlenbusch, Bernd & Pezanis-Christou, Paul & Rockenbach, Bettina & Sadrieh, Abdolkarim & Selten, Reinhard, 2005. "An experimental test of design alternatives for the British 3G/UMTS auction," European Economic Review, Elsevier, vol. 49(2), pages 505-530, February.
- Bolle, Friedel, 2008. "Allocation decisions in network industries," Energy Economics, Elsevier, vol. 30(1), pages 97-112, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert).
If references are entirely missing, you can add them using this form.