Auction Design and the Success of National 3G Spectrum Auctions
AbstractThis study empirically examines a sample of national wireless spectrum assignments for the period 2000-2007 to identify the sources of revenue variations. An econometric model that recognises the censored nature of the sample relates per capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market conditions, spectrum package attributes and post-award obligations identified from national regulatory authority tender documents. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a manner consistent with auction theory.
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Bibliographic InfoPaper provided by Koc University-TUSIAD Economic Research Forum in its series Koç University-TUSIAD Economic Research Forum Working Papers with number 1007.
Length: 23 pages
Date of creation: Feb 2010
Date of revision:
Wireless telephone markets; 3G spectrum auctions; spectrum bid price;
Other versions of this item:
- Gary Madden & Ismail Saglam & Aaron Morey, 2010. "Auction Design and the Success of National 3G Spectrum Auctions," Working Papers 1002, TOBB University of Economics and Technology, Department of Economics.
- 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-2010-04-17 (All new papers)
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- Lee, Hyeongjik & Seol, Seong-ho & Kweon, Soo Cheon, 2012. "An event study of the first telecommunications spectrum auction in Korea and "the winner's curse"," 23rd European Regional ITS Conference, Vienna 2012 60394, International Telecommunications Society (ITS).
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