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Design of the 3G Spectrum Auctions in the UK and in Germany : An Experimental Investigation

Title data

Seifert, Stefan ; Ehrhart, Karl-Martin:
Design of the 3G Spectrum Auctions in the UK and in Germany : An Experimental Investigation.
In: German Economic Review. Vol. 6 (2005) Issue 2 . - pp. 229-248.
ISSN 1468-0475
DOI: https://doi.org/10.1111/j.1465-6485.2005.00128.x

Official URL: Volltext

Abstract in another language

This paper analyses the auction designs chosen for awarding 3G licenses in the UK and in Germany and compares them with respect to revenues and bidders' surplus using a laboratory experiment. In our study with a given number of bidders, the German design leads to higher revenues. However, bidder surplus in the German design is lower and bidders face a severe exposure problem. Because this migh discourage participation, it will probably lead to less competitive bidding in real applications.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI > Chair Business Administration XI - Univ.-Prof. Dr. Stefan Seifert
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI
Result of work at the UBT: No
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
Date Deposited: 01 Jul 2015 08:11
Last Modified: 01 Jul 2015 08:11
URI: https://eref.uni-bayreuth.de/id/eprint/15604