The European UMTS/IMT-2000 license auctions


Jehiel, Philippe ; Moldovanu, Benny


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URL: http://ub-madoc.bib.uni-mannheim.de/2806
URN: urn:nbn:de:bsz:180-madoc-28061
Document Type: Working paper
Year of publication: 2001
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Subject headings (SWD): Europa , Handy , Mobile Telekommunikation , Konzession , Lizenzvergabe , Auktionstheorie
Abstract: We survey the recent European UMTS license auctions and compare their outcomes with the predictions of a simple model that emphasizes future market structure as a main determinant of valuations for licenses. Since the main goal of most spectrum allocation procedures is economic efficiency, and since consumers (who are affected by the ensuing market structure) do not participate at the auction stage, good designs must alleviate the asymmetry among incumbents and potential entrants by actively encouraging entry.
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Jehiel, Philippe ; Moldovanu, Benny (2001) The European UMTS/IMT-2000 license auctions. Open Access [Working paper]
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