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The German UMTS design : insights from multi-object auction theory

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  • Moldovanu, Benny
  • Ewerhart, Christian

Abstract

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 probelm that caused firms in Germany to pay almost Euro 20 billion for nothing.

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  • Moldovanu, Benny & Ewerhart, Christian, 2002. "The German UMTS design : insights from multi-object auction theory," Papers 02-05, Sonderforschungsbreich 504.
    • Handle: RePEc:mnh:spaper:2797
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    1. Bichler, Martin & Gretschko, Vitali & Janssen, Maarten, 2017. "Bargaining in spectrum auctions: A review of the German auction in 2015," Telecommunications Policy, Elsevier, vol. 41(5), pages 325-340.
    2. Maciej Czaplewski, 2018. "Tworzenie jednolitego rynku usług telekomunikacyjnych w Unii Europejskiej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 159-181.
    3. Martin Bichler & Alexander Pikovsky & Thomas Setzer, 2009. "An Analysis of Design Problems in Combinatorial Procurement Auctions," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 1(1), pages 111-117, February.
    4. Martin Bichler & Pasha Shabalin & Jürgen Wolf, 2013. "Do core-selecting Combinatorial Clock Auctions always lead to high efficiency? An experimental analysis of spectrum auction designs," Experimental Economics, Springer;Economic Science Association, vol. 16(4), pages 511-545, December.
    5. Koc, Umit & Erdogdu, Oya Safinaz, 2005. "Türk Telekom A.Ş.’nin Özelleştirilmesi: Oyun Teorisi Perspektifinden Bir Değerlendirme [Privatization of Turkish Telecom Company: An Assessment from Game Theory Perspective]," MPRA Paper 72143, University Library of Munich, Germany, revised Dec 2004.

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