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Some Observations on the British and German 3G Telecom Auctions

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Author Info
Klemperer, Paul

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Abstract

I suggest explanations for the apparently puzzling bidding in the year 2000 British and German 3G telecom auctions. Relative-performance maximisation may have been important, but the outcome of the British auction seems to have been efficient. This paper bundles my comments on two papers presented at the December 2001 CES Ifo conference on the telecom auctions. (For those readers new to the subject, I recommend first reading ‘How (Not) to Run Auctions: the European 3G Telecom Auctions’ European Economic Review 2002 and at www.paulklemperer.org and ‘The Biggest Auction Ever: the Sale of the British 3G Telecom Licenses’ Economic Journal 2002 and also at www.paulklemperer.org.)

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3605.

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Date of creation: Oct 2002
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Handle: RePEc:cpr:ceprdp:3605

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Related research
Keywords: 3G; auctions; bidding; spectrum auctions; telecommunications; UMTS;

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Find related papers by JEL classification:
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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References listed on IDEAS
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.:
  1. Paul Klemperer, 2000. "Why Every Economist Should Learn Some Auction Theory," Microeconomics 0004009, EconWPA. [Downloadable!]
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  2. Jeremy Bulow & Paul Klemperer, 1994. "Auctions vs. Negotiations," NBER Working Papers 4608, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Klemperer, Paul, 2003. "Using and Abusing Economic Theory," CEPR Discussion Papers 3813, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. Moldovanu, Benny & Ewerhart II, Christian, 2002. "A Stylized Model of the German UMTS Auction," Sonderforschungsbereich 504 Publications 02-07, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  5. Ken Binmore & Paul Klemperer, 2002. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economic Journal, Royal Economic Society, vol. 112(478), pages C74-C96, March. [Downloadable!] (restricted)
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