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 …

introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … revenue or more competition. The paper closes with several proposals on how one should conduct future spectrum auctions …. -- spectrum auctions ; telecommunications ; industrial organization …

, yet is less susceptible to preemptive bidding and collusion. -- Auctions …

the converse is not generally true. Moreover, first- and second-price auctions are not always revenue equivalent. Indeed … diseconomies. -- auctions ; procurements ; sequential auctions ; economies of scale …

that these mechanisms generally avoid budget deficits and prevent excessive entry. -- auctions ; mechanism design ; natural …

game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient …, whereas reserve price requirements entail a double inefficiency. Moreover, we explain how optimal auctions differ from the … well-known static optimum, and sketch the impact of information spillovers. -- auctions ; procurement …

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. -- auctions …

qualitative properties of that model of asymmetric auctions, in particular whether the weak bidder behaves more aggressively than … the strong and then test bidders’ preference for first- vs. second–price auctions. -- Experiments ; Sealed Bid Auctions …

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 …