Strange Bids : Bidding Behaviour in The United Kingdom's Third Generation Spectrum Auction  

Oleh:

Dustmann, Christian ; Borgers, Tilman

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 115 no. 505 (Jul. 2005), page 551-578.
Topik: RADIO; strange bids; bidding behaviour; third generation spectrum; auction
Fulltext: 551.pdf (287.71KB)

Ketersediaan

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

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This article studies bidding behaviour in the auction of radio spectrum for third generation mobile telephone serives which took place in the UK in the spring of 2000. We show that several companies' bidding behaviour deviates storngly from straight forward bidding with private values. In particular some companies' evaluation of the added advantage of having a large licence rather than a small licence seemed to change dramatically during the action. No compelling explanation of this phenomenon seems available at this stage. We conclude that it is less well understood than previously believed how spectrum auctions work.

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