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The Third Generation (UMTS) Spectrum Auction in GermanyVeronika GrimmUniversidad de Alicante - Department of Economic Analysis Frank RiedelUniversity of Bielefeld - Institute of Mathematical Economics (IMW) Elmar WolfstetterHumboldt University of Berlin - Faculty of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Korea University - College of Economics and Commerce; World Bank October 2001 CESifo Working Paper Series No. 584 Abstract: 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.
Number of Pages in PDF File: 23 Keywords: Auctions, Telecommunications, Industrial Organization, Game Theory JEL Classification: D43, D44, D45, H20, L13 working papers seriesDate posted: November 13, 2001Suggested CitationContact Information
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