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Design of the 3G Spectrum Auctions in the UK and in Germany

Ehrhart, K.-M.; Seifert, S.

Abstract:
This paper analyses the auction designs chosen for awarding 3G licences in the UK and Germany and compares them with respect to revenues and bidders' surplus using a laboratory experiment. In our study with a given number of bidders, the German design leads to higher revenues. However, bidder surplus in the German design is lower and bidders face a severe exposure problem. Because this might discourage participation, it will probably lead to less competitive bidding in real applications.



Zugehörige Institution(en) am KIT Institut für Informationswirtschaft und -management (IISM)
Institut für Wirtschaftstheorie und Operations Research (WIOR)
Publikationstyp Zeitschriftenaufsatz
Publikationsjahr 2005
Sprache Englisch
Identifikator ISSN: 1465-6485
KITopen-ID: 1000003939
Erschienen in German economic review
Band 6
Seiten 229-248
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