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Some Observations on the British and German 3G Telecom Auctions

  • Paul Klemperer

    ()

    (Nuffield College, Oxford University, Oxford, England)

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.)

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File URL: http://www.nuff.ox.ac.uk/economics/papers/2002/w20/britishgerman3gfinal.pdf
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Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 2002-W20.

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Length: 23 pages
Date of creation: 01 Sep 2002
Date of revision:
Handle: RePEc:nuf:econwp:0220
Contact details of provider: Web page: http://www.nuff.ox.ac.uk/economics/

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  1. Bulow, Jeremy I. & Klemperer, Paul, 1994. "Auctions vs. Negotiations," CEPR Discussion Papers 924, C.E.P.R. Discussion Papers.
  2. Paul Klemperer & Ken Binmore, 2001. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economics Series Working Papers 2002-W04, University of Oxford, Department of Economics.
  3. Paul Klemperer, 2000. "Why Every Economist Should Learn some Auction Theory," Economics Series Working Papers 2000-W25, University of Oxford, Department of Economics.
  4. Moldovanu, Benny & Ewerhart II, Christian, 2002. "A Stylized Model of the German UMTS Auction," Sonderforschungsbereich 504 Publications 02-07, Sonderforschungsbereich 504, Universit├Ąt Mannheim;Sonderforschungsbereich 504, University of Mannheim.
  5. Veronika Grimm & Frank Riedel & Elmar G. Wolfstetter, 2001. "The Third Generation (UMTS) Spectrum Auction in Germany," CESifo Working Paper Series 584, CESifo Group Munich.
  6. Paul Klemperer, 2002. "Using and Abusing Economic Theory," Economics Papers 2003-W02, Economics Group, Nuffield College, University of Oxford.
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