Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the … proactively encourages entry and restricts incumbent bidders. In this framework, an English clock auction gives rise to an … auction, an English clock auction with exit option that allows the entrant to annul his bid, and an English clock auction with …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the … proactively encourages entry and restricts incumbent bidders. In this framework, an English clock auction gives rise to an … auction, an English clock auction with exit option that allows the entrant to annul his bid, and an English clock auction with …

We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the … German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the … German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

This paper examines the relative advantages of allocating spectrum by auction or without licensing. The debate over how …, higher economic value to government and reduced user costs compared to allocating the band via auction …