The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … was predominantly employed in Europe. -- auctions ; telecommunications ; industrial organization ; game theory …

This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different … main results obtained in Germany were replicated with the Bulgarian subjects. …

The second–generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … of that game. -- multi-unit auctions ; spectrum auctions ; telecommunications ; industrial organization ; game theory …

theory but rather base the decision of the lag structure on a robust Lagrange Multiplier test. In contrast to U.S. data we …

We reexamine the expectations theory of the term structure focusing on the question how monetary policy actions … tests of expectations theory this implication only requires rational expectations but not stationary risk premia. Therefore …, its empirical test sheds new light on the importance of expectations theory for the determinants of the term structure of …