The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland …. Apart from general market developments, which could not have been anticipated, we argue that auction design which was … to import some key ingredients of the auction design employed in Germany and Austria. This would have assured higher …

The second–generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and … of that game. -- multi-unit auctions ; spectrum auctions ; telecommunications ; industrial organization ; game theory …

We compare the standard one-bid first price auction to a corresponding two-bid first price auction where each buyer may … the two mechanisms for the symmetric case. We show that subjects in a computerized experiment prefer the two-bid auction … over the one-bid auction when given the possibility of choosing among the two and we claim that this and other aspects of …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …

games the object is owned by the group of bidders. Consequently the auction's revenue is equally distributed among all … bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …

allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value …

considerations. It addresses the problems of finding the auction that yields the greatest expected revenues to the auctioneer and …) auctions are analysed. The analysis focuses on the strategic aspect of the bidding process, i.e. the game-theoretic auction …

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger … and acquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction …

incomplete information about the unknown stochastic volatility. The option price is determined by a uniform-price auction. Thus …