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This paper examines the relationships between spectrum auction design and the prices paid for national 3G wireless … licenses. Of particular interest is how auction features that can be modified by policy-makers determine prices paid for … spectrum. Our theoretical and empirical analysis is based on the premise that auction design features affect both final and …
Persistent link: https://www.econbiz.de/10012850247
auction formats in public procurement. The difference-in-differences strategy used exploits a data set of auctions for public …
Persistent link: https://www.econbiz.de/10012860644
We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating … between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and … and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …
Persistent link: https://www.econbiz.de/10013046604
I model the environment of Internet auction sites, such as eBay, as sequential ascending auctions. New buyers may enter … the auction site after some of the auctions have completed and only bid for the remaining auctions. I characterize a … bidding strategies are different. A lower-valuation buyer may win an auction while a higher-valuation buyer restrains from …
Persistent link: https://www.econbiz.de/10012707667
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We examine free riding for entry deterrence in license auctions with heterogeneous incumbents. We establish the monotonicity of randomized preemptive bidding equilibria: an incumbent with a higher entry-loss rate has greater free-riding incentive, choosing a lower deterring probability. We then...
Persistent link: https://www.econbiz.de/10013239918
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stations and forcing the divestiture of outlets of four majors. We evaluate this policy experiment using panel data containing …
Persistent link: https://www.econbiz.de/10012720033
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