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Title

An experimental test of design alternatives for the British 3G/UMTS auction

AuthorsAbbink, Klaus; Irlenbusch, B.; Pezanis-Christou, Paul; Rockenbach, B.; Sadrieh, Abdolkarim; Selten, R.
Issue Date2005
PublisherElsevier
CitationEuropean Economic Review 49(2): 505- 530 (2005)
AbstractIn spring 2000, the British government auctioned off licences for Third Generation mobile telecommunications services. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were considered by the government: A discriminatory and a uniform price variant. We report an experiment on these two designs, and also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences disappear as bidders get experienced. Compared to the discriminatory format, the pure English auction induces more entry. © 2003 Elsevier B.V. All rights reserved.
URIhttp://hdl.handle.net/10261/57384
DOI10.1016/S0014-2921(03)00044-8
Identifiersdoi: 10.1016/S0014-2921(03)00044-8
issn: 0014-2921
Appears in Collections:(IAE) Artículos
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