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Some Observations on the British and German 3G Telecom Auctions

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  • Klemperer, Paul

Abstract

I 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.)

Suggested Citation

  • Klemperer, Paul, 2002. "Some Observations on the British and German 3G Telecom Auctions," CEPR Discussion Papers 3605, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:3605
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    References listed on IDEAS

    as
    1. Klemperer, Paul, 2000. "Why every Economist should Learn some Auction Theory," CEPR Discussion Papers 2572, C.E.P.R. Discussion Papers.
    2. Paul Klemperer, 2002. "Using and Abusing Economic Theory," Economics Papers 2003-W02, Economics Group, Nuffield College, University of Oxford.
    3. Ken Binmore & Paul Klemperer, 2002. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economic Journal, Royal Economic Society, vol. 112(478), pages 74-96, March.
    4. Bulow, Jeremy I. & Klemperer, Paul, 1994. "Auctions vs. Negotiations," CEPR Discussion Papers 924, C.E.P.R. Discussion Papers.
    5. Moldovanu, Benny & Ewerhart, Christian, 2002. "A stylized model of the German UMTS auction," Papers 02-07, Sonderforschungsbreich 504.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    3G; auctions; bidding; spectrum auctions; telecommunications; UMTS;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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