The third generation (UMTS) spectrum auction in Germany
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several observers. In addition, the paper evaluates the merit of the German UMTS auction design, relative to the English design, that was predominantly employed in Europe.
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- 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.
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- Grimm, Veronika & Riedel, Frank & Wolfstetter, Elmar, 2000.
"Implementing efficient market structure,"
SFB 373 Discussion Papers
2000,19, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Veronika Grimm & Frank Riedel & Elmar Wolfstetter, 2000. "Implementing Efficient Market Structure," Econometric Society World Congress 2000 Contributed Papers 0268, Econometric Society.
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CEPR Discussion Papers
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- Tilman Börgers & Christian Dustmann, 2005. "Strange Bids: Bidding Behaviour in the United Kingdom's Third Generation Spectrum Auction," Economic Journal, Royal Economic Society, vol. 115(505), pages 551-578, 07.
- Richard Engelbrecht-Wiggans & Charles M. Kahn, 2005. "Low-Revenue Equilibria in Simultaneous Ascending-Bid Auctions," Management Science, INFORMS, vol. 51(3), pages 508-518, March.
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"Regulation by Duopoly,"
IDEI Working Papers
20, Institut d'Économie Industrielle (IDEI), Toulouse.
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