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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 introduced in England and adopted in Switzerland and...
Persistent link: https://www.econbiz.de/10009614291
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/10009615427
We develop a duopoly model with advertising supported platforms and analyze incentives of a superior firm to license …
Persistent link: https://www.econbiz.de/10009160924
The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary, since the pool avoids a double-marginalization problem associated with independent licensing. This conventional wisdom relies on the effects that pooling has on downstream prices....
Persistent link: https://www.econbiz.de/10009735480