Moldovanu, Benny; Ewerhart II, Christian - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2002
This paper discusses some economic aspects of the recent German and Austrian UMTS license auctions. We consider a stylized model of the open ascending auction with incomplete information and market externalities. It is shown that, if the dominant incumbent is not successful in pushing the...