A vast literature shows that individuals frequently fail to identify the normative solutionsin logical reasoning tasks. Much attention has been devoted to the study ofthese deviations at the individual level; less effort was exerted to investigate whetherinstitutional settings might facilitate...

This paper examines the effects of spectrum auctions on mobile market competition. A simple theoretical model suggests that bigger incumbents will acquire more spectrum in auction to preempt after-market competitors. We use novel data from European 4G spectrum auctions to present suggestive...

This paper examines the effects of spectrum auctions on mobile market competition. A simple theoretical model suggests that bigger incumbents will acquire more spectrum in auction to pre-empt after-market competitors. We use novel data from European 4G spectrum auctions to present suggestive...

In 2000 and 2001, several European countries carried out auctions for third generation technologies or universal mobile telephone services (UMTS) communication licenses. These "spectrum auctions" inaugurated yet another era in an industry that has already been transformed by a combination of...

Premier stock exchanges in India, viz. National Stock Exchange of India and Bombay Stock Exchange, introduced call auction in the pre-open session from 18 October 2010. This paper analyzes the impact of introduction of pre-open call auction on price discovery at the open. Empirical analysis is...