English, Article, Journal or magazine article edition: Design of the 3G Spectrum Auctions in the UK and in Germany: An Experimental Investigation Seifert, Stefan; Ehrhart, Karl-Martin

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Bookmark: http://trove.nla.gov.au/version/43370
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Design of the 3G Spectrum Auctions in the UK and in Germany: An Experimental Investigation
Author
  • Seifert, Stefan
  • Ehrhart, Karl-Martin
Physical Description
  • preprint
Notes
  • This paper analyses the auction designs chosen for awarding 3G licenses in the UK and in Germany and compares them with respect to revenues and bidders� surplus using a laboratory experiment. In our study with a given number of bidders, the German design leads to higher revenues. However, bidder surplus in the German design is lower and bidders face a severe exposure problem. Because this might discourage participation, it will probably lead to less competitive bidding in real applications.
  • RePEc:xrs:sfbmaa:04-58
Language
  • English
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