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 …

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 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 …

Modern econometrics requires implementation of highly specialized software. In contrast to mathematical arguments used … concrete examples for interactive teaching of elementary econometrics and statistics. …

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 …