English, Article, Journal or magazine article edition: An Experimental Test of Design Alternatives for the British 3G / UMTS Auction Klaus Abbink; Bernd Irlenbusch; Paul Pezanis-Christou; ...

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Bookmark: http://trove.nla.gov.au/version/52787
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • An Experimental Test of Design Alternatives for the British 3G /​ UMTS Auction
Author
  • Klaus Abbink
  • Bernd Irlenbusch
  • Paul Pezanis-Christou
  • Bettina Rockenbach
  • Abdolkarim Sadrieh
  • Reinhard Selten
Physical Description
  • preprint
Notes
  • In spring 2000, the British government auctioned off licences for Third Generation mobile telecommunications services. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences disappear as bidders get experienced. Compared to the discriminatory format, the pure English auction gives new entrants better chances.
  • Spectrum auctions, UMTS, experiments
  • RePEc:bon:bonedp:bgse25_2001
Language
  • English
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