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The Third Generation (UMTS) Spectrum Auction in Germany

Veronika Grimm
Universidad de Alicante - Department of Economic Analysis

Frank Riedel
University of Bielefeld - Institute of Mathematical Economics (IMW)

Elmar Wolfstetter
Humboldt University of Berlin - Faculty of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); World Bank; Korea University - College of Economics and Commerce

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.

Keywords: Auctions, Telecommunications, Industrial Organization, Game Theory

JEL Classifications: D43, D44, D45, H20, L13

Working Paper Series

Date posted: November 13, 2001 ; Last revised: September 01, 2004

Suggested Citation

Grimm, Veronika, Riedel, Frank and Wolfstetter, Elmar G., The Third Generation (UMTS) Spectrum Auction in Germany (October 2001). CESifo Working Paper Series No. 584. Available at SSRN: http://ssrn.com/abstract=287846

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Contact Information

Elmar G. Wolfstetter (Contact Author) Humboldt University of Berlin - Faculty of Economics ( email ) Institut für Wirtschaftstheorie I Spandauer Strasse 1 Berlin Germany +49 30 2093 5652/3 (Phone) +49 30 2093 5619 (Fax) HOME PAGE: http://www.wiwi.hu-berlin.de/wt1/
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Poschinger Str. 5 DE-81679 Munich Germany HOME PAGE: http://www.CESifo.de
World Bank ( email ) 1818 H Street NW Washington, DC 20433 United States 202-458-5426 (Phone)
Korea University - College of Economics and Commerce ( email ) Anam-dong, Sungbuk-Ku Seoul 136-701 Korea
Veronika Grimm Universidad de Alicante - Department of Economic Analysis ( email ) 03080 Alicante Spain +34 96 590 3614 (Phone) +34 96 590 3898 (Fax)
Frank Riedel University of Bielefeld - Institute of Mathematical Economics (IMW) ( email ) Postfach 10 01 31 Bielefeld 33501 Germany

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