. The usual policy practice in this regard is ascending auction that ensures maximization of revenue for the government. The …

German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to …

This paper considers bidder behaviour in the United Kingdom's UMTS spectrum auction. Evidence is reviewed which shows … that some bidders in this auction did not bid straightforwardly in accordance with fixed valuations of the licenses. We go … strong direct evidence. We conclude that the rationalization of bidding in the United Kingdom's UMTS auction remains …

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 …

intrinsic spectrum values from winning auction bids. Our analysis includes 15 auctions and close to 7,200 observations. We add … two components to previous literature on this topic. First, we control for license and block specific auction rules … winning bids. Additionally, auction results confirm that the relative value of higher frequency spectrum is increasing over …