Seifert, Stefan; Ehrhart, Karl-Martin - In: German Economic Review 6 (2005) 2, pp. 229-248
This paper analyses the auction designs chosen for awarding 3G licences in the UK and Germany and compares them with respect to revenues and bidders' surplus using a laboratory experiment. In our study with a given number of bidders, the German design leads to higher revenues. However, bidder...