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Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar G. - 2005

This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clarke-Groves mechanism, characterize the optimal mechanism that maximizes the...

Persistent link: https://www.econbiz.de/10014164618

The German Umts Design : Insights from Multi-Object Auction Theory

Ewerhart, Christian; Moldovanu, Benny - 2021

We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to pay almost Euro 20 billion for nothing

Persistent link: https://www.econbiz.de/10013320600

The Third Generation (Umts) Spectrum Auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar G. - 2021

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...

Persistent link: https://www.econbiz.de/10013320762

A dynamic auction for multi-object procurement under a hard budget constraint

Ensthaler, Ludwig; Giebe, Thomas - 2010

We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and money does not enter the procurer's objective function.

Persistent link: https://www.econbiz.de/10010334157

Why Every Economist Should Learn some Auction Theory

Klemperer, Paul - Department of Economics, Oxford University - 2000

None available

Persistent link: https://www.econbiz.de/10010604844

The German 3G Licence Auction: Did the Government's Stake in Deutsche Telekom Influence the Outcome?

Rander, Robin - 2004

The spectrum for third generation (3G) mobile communications for the German market was alloted to operators by means of an auction. This resulted in a highly competitive outcome: six operators were given rights to provide 3G services. Government revenues from this auction were a staggering EUR...

Persistent link: https://www.econbiz.de/10013208458

Why every Economist should Learn some Auction Theory

Klemperer, Paul - C.E.P.R. Discussion Papers - 2000

This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...

Persistent link: https://www.econbiz.de/10005792157

The German 3G Licence Auction: Did the Government's Stake in Deutsche Telekom Influence the Outcome?

Rander, Robin - Nationalekonomiska Institutionen, Ekonomihögskolan - 2004

Persistent link: https://www.econbiz.de/10005645115

Taking the lab to the field : experimental tests of alternative mechanisms to procure multiple contracts

Lunander, Anders; Nilsson, Jan-Eric - 2003

winning more than one contract, whereas other bidders have increasing average cost functions. The combinatorial bidding …

Persistent link: https://www.econbiz.de/10011591112

Bidding for conservation contracts

Di Corato, Luca; Dosi, Cesare; Moretto, Michele - 2014

require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost … views non-enforcement of contract terms as a source of real-options, the paper offers the following contributions. First, it … play in avoiding such potential bias in contract allocation. …

Persistent link: https://www.econbiz.de/10010380650