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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 is a mechanism for selling goods and services. Today, auctions are employed in a variety of transactions that … interest among economist and public alike. It has also led to many open questions about the auction design.The paper reviews … the seminal literature on auctions, focusing on its basic models, and issues involved in auction design. The primary …
Persistent link: https://www.econbiz.de/10013049087
The purpose of this paper is to present a case study of Canada's 700 MHz spectrum auction, which took place at the … beginning of 2014. The auction format adopted by the Canadian regulator was the Combinatorial Clock Auction (CCA). In Section 1 …, we review the band plan for Canada's 700 MHz spectrum auction. We discuss the reasons and benefits from the band plan …
Persistent link: https://www.econbiz.de/10012994450
car license auction, many car licenses are sold but each participant can only bid for one license. We examine the … theoretical properties of three auction formats: Shanghai auction, Guangzhou auction, and Singapore auction. Our main results are … that (1) No equilibrium of the Shanghai auction can guarantee an efficient allocation, (2) the Singapore auction allocates …
Persistent link: https://www.econbiz.de/10013047208
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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
. This affects the way coalitional bidding impacts auction performance. We study the implications of coalitions of bidders on …, we show that stable coalition profiles tend to consist of excessively large coalitions, to the detriment of both auction …
Persistent link: https://www.econbiz.de/10013249971
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