Some Observations on the British and German 3G Telecom Auctions
AbstractI 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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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3605.
Date of creation: Oct 2002
Date of revision:
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Other versions of this item:
- Paul Klemperer, 2002. "Some Observations on the British and German 3G Telecom Auctions," Economics Series Working Papers 2002-W20, University of Oxford, Department of Economics.
- Paul Klemperer, 2002. "Some Observations on the British and German 3G Telecom Auctions," Economics Papers 2002-W20, Economics Group, Nuffield College, University of Oxford.
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-03-14 (All new papers)
- NEP-IND-2003-03-14 (Industrial Organization)
- NEP-MIC-2003-03-14 (Microeconomics)
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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- Paul Klemperer, 2000. "Why Every Economist Should Learn Some Auction Theory," Microeconomics 0004009, EconWPA.
- Paul Klemperer, 2000. "Why Every Economist Should Learn some Auction Theory," Economics Series Working Papers 2000-W25, University of Oxford, Department of Economics.
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- Veronika Grimm & Frank Riedel & Elmar G. Wolfstetter, 2001.
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CESifo Working Paper Series
584, CESifo Group Munich.
- Grimm, Veronika & Riedel, Frank & Wolfstetter, Elmar, 2001. "The third generation (UMTS) spectrum auction in Germany," SFB 373 Discussion Papers 2001,70, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Klemperer, Paul, 2003.
"Using and Abusing Economic Theory,"
CEPR Discussion Papers
3813, C.E.P.R. Discussion Papers.
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