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- W3122422969 abstract "This paper considers bidder behaviour in the United Kingdom’s UMTS spectrumauction. Evidence is reviewed which shows that some bidders in this auction didnot bid straightforwardly in accordance with fixed valuations of the licenses. Wego on to consider more speculative hypotheses about bidders’ behaviour, such asthe hypotheses that bidders revised their valuations in the light of other bidders’behaviour, or that bidders’ valuations of licenses depended on which other companiesappeared likely to win a license. We find weak evidence in favor of some of thesehypotheses, but no hypothesis is supported by strong direct evidence. We concludethat the rationalization of bidding in the United Kingdom’s UMTS auction remainsproblematic. As a consequence we are cautious regarding the success of the auctionin achieving an efficient allocation of licenses." @default.
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- W3122422969 date "2002-01-01" @default.
- W3122422969 modified "2023-09-27" @default.
- W3122422969 title "Rationalizing the Umts Spectrum Bids: The Case of the UK Auction" @default.
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- W3122422969 doi "https://doi.org/10.2139/ssrn.306260" @default.
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