Spectrum licensing, policy instruments and market entry
Competition policy attempts to address the potential for market failure by encouraging competition in service markets. Often, in wireless communication service markets, national regulatory authorities seek to encourage entry via the spectrum assignment process. Instruments used include the assignment mode (auction or beauty contest), setting aside licenses and providing bidding (price and quantity) credits for potential entrants, and making more licenses (spectrum blocks) available than incumbent firms (excess licenses). The empirical analysis assesses the effectiveness of these policy instruments on encouraging entry. The econometric results show that the probability of entry is enhanced by using auction assignments and excess licenses. Furthermore, quantity, but not price, concessions encourage entry.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.itseurope.org/|
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.:
- 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.
- Klemperer, Paul, 2002. "How (Not) to Run Auctions: The European 3G Telecom Auctions," CEPR Discussion Papers 3215, C.E.P.R. Discussion Papers.
- 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.
- Peter Cramton & Evan Kwerel & Gregory Rosston & Andrzej Skrzypacz, 2012.
"Using Spectrum Auctions to Enhance Competition in Wireless Services,"
Papers of Peter Cramton
11ckrs, University of Maryland, Department of Economics - Peter Cramton, revised 2012.
- Peter Cramton & Evan Kwerel & Gregory Rosston & Andrzej Skrzypacz, 2011. "Using Spectrum Auctions to Enhance Competition in Wireless Services," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages S167 - S188.
- Peter Cramton & Evan Kwerel & Gregory Rosston & Andrzej Skrzypacz, 2011. "Using Spectrum Auctions to Enhance Competition in Wireless Services," Discussion Papers 10-015, Stanford Institute for Economic Policy Research.
- Terza, Joseph V., 1998. "Estimating count data models with endogenous switching: Sample selection and endogenous treatment effects," Journal of Econometrics, Elsevier, vol. 84(1), pages 129-154, May.
- Newey, Whitney K., 1987. "Efficient estimation of limited dependent variable models with endogenous explanatory variables," Journal of Econometrics, Elsevier, vol. 36(3), pages 231-250, November.
- Philippe Jehiel & Benny Moldovanu, 2003. "An economic perspective on auctions," Economic Policy, CEPR;CES;MSH, vol. 18(36), pages 269-308, 04.
- Lorenzo Cappellari & Stephen P. Jenkins, 2003.
"Multivariate probit regression using simulated maximum likelihood,"
StataCorp LP, vol. 3(3), pages 278-294, September.
- Lorenzo Cappellari & Stephen P. Jenkins, 2003. "Multivariate probit regression using simulated maximum likelihood," United Kingdom Stata Users' Group Meetings 2003 10, Stata Users Group.
- Terza, Joseph V. & Basu, Anirban & Rathouz, Paul J., 2008. "Two-stage residual inclusion estimation: Addressing endogeneity in health econometric modeling," Journal of Health Economics, Elsevier, vol. 27(3), pages 531-543, May.
- Heckman, James J, 1979.
"Sample Selection Bias as a Specification Error,"
Econometric Society, vol. 47(1), pages 153-61, January.
- Hausman, Jerry A, 1978.
"Specification Tests in Econometrics,"
Econometric Society, vol. 46(6), pages 1251-71, November.
- Helmuts Azacis & Roberto Burguet, 2005.
"Incumbency and Entry in Licence Auctions: The Anglo-Dutch Auctions Meets other Simple Alternatives,"
223, Barcelona Graduate School of Economics.
- Azacis, Helmuts & Burguet, Roberto, 2008. "Incumbency and entry in license auctions: The Anglo-Dutch auction meets another simple alternative," International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 730-745, May.
- Azacis, Helmuts & Burguet, Roberto, 2005. "Incumbency and Entry in License Auctions: The Anglo-Dutch Auction Meets Other Simple Alternatives," Cardiff Economics Working Papers E2005/11, Cardiff University, Cardiff Business School, Economics Section.
- William H. Greene, 1992. "A Statistical Model for Credit Scoring," Working Papers 92-29, New York University, Leonard N. Stern School of Business, Department of Economics.
- Hakenes, Hendrik & Schnabel, Isabel, 2000.
"License Auctions and Market Structure,"
Sonderforschungsbereich 504 Publications
01-21, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Peter Cramton, 2001. "Lessons Learned from the UK 3G Spectrum Auction," Papers of Peter Cramton 01nao, University of Maryland, Department of Economics - Peter Cramton, revised 03 Jan 2002.
- Shahzad Ansari & Kamal Munir, 2008. "How valuable is a piece of the spectrum? Determination of value in external resource acquisition," Industrial and Corporate Change, Oxford University Press, vol. 17(2), pages 301-333, April.
- Peter Cramton & Jesse Schwartz, 2002.
"Collusive Bidding in the FCC Spectrum Auctions,"
Papers of Peter Cramton
02collude, University of Maryland, Department of Economics - Peter Cramton, revised 04 Dec 2002.
- Peter Cramton & Jesse Schwartz, 2000. "Collusive Bidding in the FCC Spectrum Auctions," Econometric Society World Congress 2000 Contributed Papers 1210, Econometric Society.
- Smith, Richard J & Blundell, Richard W, 1986. "An Exogeneity Test for a Simultaneous Equation Tobit Model with an Application to Labor Supply," Econometrica, Econometric Society, vol. 54(3), pages 679-85, May.
- Thomas W. Hazlett & Roberto E. Muñoz, 2009. "A welfare analysis of spectrum allocation policies," RAND Journal of Economics, RAND Corporation, vol. 40(3), pages 424-454.
- Blundell, Richard W & Smith, Richard J, 1989. "Estimation in a Class of Simultaneous Equation Limited Dependent Variable Models," Review of Economic Studies, Wiley Blackwell, vol. 56(1), pages 37-57, January.
When requesting a correction, please mention this item's handle: RePEc:zbw:itse13:88476. 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: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.