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structure. There is evidence in support of to the quot;overbiddingquot; hypothesis, i.e. license fees determined in auctions …
Persistent link: https://www.econbiz.de/10012711671
Persistent link: https://www.econbiz.de/10012201263
The paper discusses the impact of scarcity of frequency spectrum on the performance of the mobile telecommunications industry. An oligopoly model with endogenous sunk costs illustrates the trade off between ex ante extraction of oligopoly rents and market entry of firms. The determination of the...
Persistent link: https://www.econbiz.de/10014144700
estimate the magnitude of license complementarity by modeling the bidding process as an entry game with interdependent markets … ($19 billion) in Auction 73. Complementarity in a 1 MHz nationwide license is worth $918 million to an average large bidder … revenue substantially at the cost of reducing bidder surplus and increasing license allocation concentration …
Persistent link: https://www.econbiz.de/10014110711
the cost of reducing bidder surplus and increasing license allocation concentration …
Persistent link: https://www.econbiz.de/10013309790