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competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …
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market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions. In …
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. Apart from general market developments, which could not have been anticipated, we argue that auction design which was …
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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...
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