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Die Schweizer UMTS-Auktion

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  • Yvan Lengwiler

Abstract

It was a first order media event when at the end of last year the UMTS concessions for the Swiss market were sold for 205 million Swiss francs. The result lagged massively behind the "several billion" francs that had been expected, based on the results of similar auctions abroad. In this paper I explore the reasons for this surprising result. I argue that the result is indeed unsatisfacory in terms of fiscal policy and, possibly, with respect to the implemented allocation.

Suggested Citation

  • Yvan Lengwiler, 2001. "Die Schweizer UMTS-Auktion," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 137(II), pages 199-208, June.
  • Handle: RePEc:ses:arsjes:2001-ii-5
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    1. Kreps, David M. & Milgrom, Paul & Roberts, John & Wilson, Robert, 1982. "Rational cooperation in the finitely repeated prisoners' dilemma," Journal of Economic Theory, Elsevier, vol. 27(2), pages 245-252, August.
    2. McAfee, R Preston & McMillan, John, 1992. "Bidding Rings," American Economic Review, American Economic Association, vol. 82(3), pages 579-599, June.
      • McAfee, R. Preston & McMillan, John., 1990. "Bidding Rings," Working Papers 726, California Institute of Technology, Division of the Humanities and Social Sciences.
    3. Heidrun C. Hoppe & Philippe Jehiel & Benny Moldovanu, 2006. "License Auctions and Market Structure," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(2), pages 371-396, June.
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