A Comment on "Strange Bids : Bidding Behaviour in The United Kingdom's Third Generation Spectrum Auction' By Tilman Borgers and Christian Dustmann  

Oleh:

Maldoom, Dan

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 115 no. 505 (Jul. 2005), page 579-582.
Topik: BEHAVIOUR; bidding behaviour; generation spectrum auction
Fulltext: 579.pdf (38.67KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.19 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Had the licences in the UK 3G auction all been identical, there would have been interesting questions that we could now pose. However, as there were large and all licences, bidders could switch between different types of licence and observe by other bidders switched. By analysing this switching, borgers and dustmann have identified certain aspects of bidder behaviour that seem difficult to rationalise. One question they raise is that BT's apparent willingness to pay for a large licence relative to a small licence increased dramatically during the course of the auction, I assisted BT in the course of the UK 3G auction and can hopefully shed some light on this strange behaviour. Paul Klemperer (2002, 2004) has provided a somewhat similar analysis of the auction.

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