discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the … exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported …

discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the … exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported …

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …

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 …

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 …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the … entrant values only the bundle of several units (synergy), incumbents are subject to non-increasing demand. The seller … proactively encourages entry and restricts incumbent bidders. In this framework, an English clock auction gives rise to an …

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

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

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 …

This paper examines the relative advantages of allocating spectrum by auction or without licensing. The debate over how …, higher economic value to government and reduced user costs compared to allocating the band via auction …