How (Not) to Run Auctions: The European 3G Telecom Auctions
Paul Klemperer
University of Oxford - Department of Economics; Centre for Economic Policy Research (CEPR)
European Economic Review, 2002
Abstract:
There were enormous differences in the revenues from the European "third generation" (3G, or "UMTS") mobile-phone license auctions, from 20 Euros per capita in Switzerland to 650 Euros per capita in the U.K., though the values of the licences sold were similar. Poor auction designs in some countries facilitated collusion between firms and failed to attract entrants. The sequencing of the auctions was also crucial. We discuss the auctions in the U.K., Netherlands, Germany, Italy, Austria, Switzerland, Belgium, Greece and Denmark.
Keywords: Auctions, Telecommunications, Spectrum Auctions, 3G, UMTS, Bidding
JEL Classification: D44, L96
Accepted Paper Series
Date posted: May 15, 2002
Suggested CitationKlemperer, Paul, How (Not) to Run Auctions: The European 3G Telecom Auctions. European Economic Review, 2002. Available at SSRN: http://ssrn.com/abstract=311263
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