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Design of the 3G Spectrum Auctions in the UK and Germany: An Experimental Investigation

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  • Stefan Seifert
  • Karl-Martin Ehrhart

Abstract

This paper analyses the auction designs chosen for awarding 3G licences in the UK and Germany and compares them with respect to revenues and bidders' surplus using a laboratory experiment. In our study with a given number of bidders, the German design leads to higher revenues. However, bidder surplus in the German design is lower and bidders face a severe exposure problem. Because this might discourage participation, it will probably lead to less competitive bidding in real applications. Copyright Verein für Socialpolitik and Blackwell Publishing Ltd. 2005.

Suggested Citation

  • Stefan Seifert & Karl-Martin Ehrhart, 2005. "Design of the 3G Spectrum Auctions in the UK and Germany: An Experimental Investigation," German Economic Review, Verein für Socialpolitik, vol. 6(2), pages 229-248, May.
  • Handle: RePEc:bla:germec:v:6:y:2005:i:2:p:229-248
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    Cited by:

    1. World Bank, 2009. "Macedonia - Moving to Faster and More Inclusive Growth A Country Economic Memorandum : Main Report and Annex," World Bank Other Operational Studies 3067, The World Bank.
    2. Estache, Antonio & Iimi, Atsushi, 2008. "Procurement efficiency for infrastructure development and financial needs reassessed," Policy Research Working Paper Series 4662, The World Bank.
    3. Martin Bichler & Pasha Shabalin & Jürgen Wolf, 2013. "Do core-selecting Combinatorial Clock Auctions always lead to high efficiency? An experimental analysis of spectrum auction designs," Experimental Economics, Springer;Economic Science Association, vol. 16(4), pages 511-545, December.
    4. Matthias Sutter & Martin Kocher & Sabine Strau?, "undated". "Individuals and teams in UMTS-license auctions," Working Papers 2007-23, Faculty of Economics and Statistics, University of Innsbruck.

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