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An Experimental Test of Design Alternatives for the British 3G / UMTS Auction Author info | Abstract | Publisher info | Download info | Related research | Statistics Klaus Abbink
Bernd Irlenbusch
Paul Pezanis-Christou
Bettina Rockenbach
Abdolkarim Sadrieh
Reinhard Selten
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In spring 2000, the British government auctioned off licences for Third Generation mobile telecommunications services. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences disappear as bidders get experienced. Compared to the discriminatory format, the pure English auction gives new entrants better chances.
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Paper provided by University of Bonn, Germany in its series Bonn Econ Discussion Papers with number
bgse25_2001.
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Length: 25
Date of creation: Sep 2001Date of revision:
Handle: RePEc:bon:bonedp:bgse25_2001Contact details of provider: Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany Fax: +49 228 73 9221 Web page: http://www.bgse.uni-bonn.de/index.php?id=494
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Keywords: Spectrum auctions UMTS experiments Other versions of this item:
Article 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.
[Downloadable!] (restricted) Find related papers by JEL classification: C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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