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competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … was predominantly employed in Europe. -- auctions ; telecommunications ; industrial organization ; game theory …
Persistent link: https://www.econbiz.de/10009615427
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that despite the absence of...
Persistent link: https://www.econbiz.de/10009580461
that these mechanisms generally avoid budget deficits and prevent excessive entry. -- auctions ; mechanism design ; natural …
Persistent link: https://www.econbiz.de/10009583432
market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions. In … of that game. -- multi-unit auctions ; spectrum auctions ; telecommunications ; industrial organization ; game theory …
Persistent link: https://www.econbiz.de/10009613604