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 events during the crucial phase of that auction, which have puzzled several …

The first telecommunications spectrum auction in Korea is attention worthy due to the fierce competition for only the 1 … empirically investigates the existence of "winner's curse" in the Korean spectrum auction by using standard event study … of the auction. It implies that there is no winner's curse and the losing firm may actually increase its competitive …