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Innovation contests
Pérez-Castrillo, J. David; Wettstein, David - 2014
We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …
Persistent link: https://www.econbiz.de/10010260048
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Self-allocation in contests
Bernergård, Axel; Wärneryd, Karl Erik - 2017
where no contestant would wish to change his choice of contest, results in the allocation of players to contests that … maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …
Persistent link: https://www.econbiz.de/10011718621
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The Swiss UMTS spectrum auction flop : bad luck or bad design
Wolfstetter, Elmar - 2001
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 auctiondesign which was introduced in England and adopted in Switzerland and elsewhere...
Persistent link: https://www.econbiz.de/10011399586
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
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...
Persistent link: https://www.econbiz.de/10011400807
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Strategic complexities in the combinatorial clock auction
Knapek, Stephan; Wambach, Achim - 2012
Recently, the combinatorial clock auction has become more and more common in the auctioning of telecommunication licenses. Although the auction design is complex, the promise is that bidding becomes simple - truthtelling is "close to optimal". We show that this claim is too strong. The auction...
Persistent link: https://www.econbiz.de/10009665382
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The German UMTS design : insights from multi-object auction theory
Ewerhart, Christian; Moldovanu, Benny - 2002
We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to pay almost Euro 20 billion for nothing.
Persistent link: https://www.econbiz.de/10011409210
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The Dutch UMTS-auction
Damme, Eric E. C. van - 2002
In this paper I review the Dutch UMTS-auction that took place in the summer of 2000 and which, in contrast to the UK and German auctions, was generally considered to be a major flop. I analyse the policy process leading to the auction as well as the bidding behaviour in the auction, and provide...
Persistent link: https://www.econbiz.de/10011409958
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Pools and cross-licensing in the shadow of patent litigation
Choi, Jay Pil - 2003
conflicting infringement claims and the validity of patents. To reflect this reality, I develop a simple framework to analyze the … incentives to form a patent pool or engage in cross-licensing arrangements in the presence of uncertainty as to the validity and … coverage of patents that makes disputes inevitable. I analyze private incentives to litigate and compare them with the social …
Persistent link: https://www.econbiz.de/10011401377
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Patent pools, litigation and innovation
Choi, Jay Pil; Gerlach, Heiko A. - 2013
case, the licensing fees reflect the strength of patents. Patent pools of complementary patents can be used to discourage … patents reduce social welfare as they charge higher licensing fees and chill subsequent innovation incentives. …-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple …
Persistent link: https://www.econbiz.de/10010199442
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Strategic supply function competition with private information
Vives, Xavier (contributor) - 2008
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10003763172