The Third Generation (UMTS) Spectrum Auction in Germany
Universidad de Alicante - Department of Economic Analysis
University of Bielefeld - Institute of Mathematical Economics (IMW)
Humboldt 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
CESifo Working Paper Series No. 584
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, L13working papers series
Date posted: November 13, 2001
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo4 in 0.484 seconds