This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … in Europe, of which Switzerland is just one particularly pronounced example. The regulator would have been better advised …

explorative study aims to shed some light into the black-box of the matching technology by applying nonparametric estimation …

Estimation …

exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …