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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 Wirtschaftstheorie und Operations Research (WIOR)
Institut für Informationswirtschaft und -management (IISM)
Publikationstyp Zeitschriftenaufsatz
Jahr 2005
Sprache Englisch
Identifikator ISSN: 1465-6485
KITopen ID: 1000003939
Erschienen in German economic review
Band 6
Seiten 229-248
URLs http://www.wior.uni-karlsruhe.de/LS_Berninghaus/Veroeffentlichungen/?
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