The European UMTS-auctions
In this paper we review, and draw some lessons from, the UMTS-auctions that have taken place in Europe during 2000 and 2001.We address several design issues and, in particular, focus attention on asymmetries between the bidders and on possibilities for collusion.An outlook is provided to several other auctions in which the stakes may not be so high, but the design issues perhaps somewhat more complex.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- Professor Paul Klemperer, 2000.
"What Really Matters in Auction Design,"
- Paul Klemperer, 2001.
"How (Not) to Run Auctions: the European 3G Telecom Auctions,"
2002-W5, Economics Group, Nuffield College, University of Oxford, revised 01 Nov 2001.
- Klemperer, Paul, 2002. "How (not) to run auctions: The European 3G telecom auctions," European Economic Review, Elsevier, vol. 46(4-5), pages 829-845, May.
- Paul Klemperer, 2001. "How (Not) to Run Auctions: The European 3G Telecom Auctions," Economics Series Working Papers 2002-W05, University of Oxford, Department of Economics.
- Klemperer, Paul, 2002. "How (Not) to Run Auctions: The European 3G Telecom Auctions," CEPR Discussion Papers 3215, C.E.P.R. Discussion Papers.
- Veronika Grimm & Frank Riedel & Elmar G. Wolfstetter, 2001.
"The Third Generation (UMTS) Spectrum Auction in Germany,"
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.
- Wolfstetter, Elmar, 2001.
"The Swiss UMTS spectrum auction flop: Bad luck or bad design?,"
SFB 373 Discussion Papers
2001,50, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Elmar G. Wolfstetter, 2001. "The Swiss UMTS Spectrum Auction Flop: Bad Luck or Bad Design," CESifo Working Paper Series 534, CESifo Group Munich.
- William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, 03.
- Ian Ayres & Peter Cramton, 1996. "Deficit Reduction Through Diversity: How Affirmative Action at the FCC Increased Auction Competition," Papers of Peter Cramton 96slr, University of Maryland, Department of Economics - Peter Cramton, revised 09 Jun 1998.
- Emiel Maasland & Sander Onderstal, 2007.
"Auctions with Financial Externalities,"
Springer, vol. 32(3), pages 551-574, September.
- Gilbert, Richard J & Newbery, David M G, 1982. "Preemptive Patenting and the Persistence of Monopoly," American Economic Review, American Economic Association, vol. 72(3), pages 514-26, June.
- Paul Milgrom, 2000.
"Putting Auction Theory to Work: The Simultaneous Ascending Auction,"
Journal of Political Economy,
University of Chicago Press, vol. 108(2), pages 245-272, April.
- Paul Milgrom, . "Putting Auction Theory to Work: The Simultaneous Ascending Auction," Working Papers 98002, Stanford University, Department of Economics.
- Milgrom, Paul, 1998. "Putting auction theory to work : the simultaneous ascending auction," Policy Research Working Paper Series 1986, The World Bank.
- van Damme, E.E.C., 1999.
"The Dutch DCS-1800 Auction,"
1999-77, Tilburg University, Center for Economic Research.
- Klaus Abbink & Bernd Irlenbusch & Paul Pezanis-Christou & Bettina Rockenbach & Abdolkarim Sadrieh & Reinhard Selten, 2001.
"An Experimental Test of Design Alternatives for the British 3G / UMTS Auction,"
Bonn Econ Discussion Papers
bgse25_2001, University of Bonn, Germany.
- 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.
- Tilman Börgers & Christian Dustmann, 2005.
"Strange Bids: Bidding Behaviour in the United Kingdom's Third Generation Spectrum Auction,"
Royal Economic Society, vol. 115(505), pages 551-578, 07.
- Börgers, Tilman & Dustmann, Christian, 2001. "Strange Bids: Bidding Behaviour in the United Kingdom's Third Generation Spectrum Auction," CEPR Discussion Papers 3072, C.E.P.R. Discussion Papers.
- Kala Krishna, 1990.
"Auctions with Endogenous Valuations, The Snowball Effect Revisited,"
NBER Working Papers
3483, National Bureau of Economic Research, Inc.
- Kala Krishna, 1999. "Auctions with endogenous valuations: the snowball effect revisited," Economic Theory, Springer, vol. 13(2), pages 377-391.
- John McMillan, 1994. "Selling Spectrum Rights," Journal of Economic Perspectives, American Economic Association, vol. 8(3), pages 145-162, Summer.
- van Damme, E.E.C., 2001. "The Dutch UMTS-auction in retrospect," Other publications TiSEM 68df5654-8af9-45b5-9950-b, Tilburg University, School of Economics and Management.
When requesting a correction, please mention this item's handle: RePEc:eee:eecrev:v:46:y:2002:i:4-5:p:846-858. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.