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We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications …
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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...
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This article analyzes long-term value creation or destruction in mergers and acquisitions in the telecommunications … sector. After characterizing the market targeted by the analysis (telecommunications) and discussing and selecting the most … suitable long-term methodology, we will make an econometric analysis of telecommunications M&A in the period from 1995 to 2010 …
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In this paper I review the Dutch UMTS-auction that took place in the summer of 2000 and which, in contrast to the UK and German auctions, was generally considered to be a major flop. I analyse the policy process leading to the auction as well as the bidding behaviour in the auction, and provide...
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