. 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 …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … 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 …