| Description |
1 online resource (x, 306 pages) : illustrations |
| Series |
CESifo seminar series |
|
CESifo seminar series.
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| Contents |
Spectrum auctions and competition in telecommunications: an introduction / Gerhard Illing and Ulrich Klüh -- I. Setting the stage: (New) competition, (New) challenges, and regulatory innovation -- Cross-fertilization between U.S. and European telecommunications regulation / Ingo Vogelsang -- "Cross-fertilization between U.S. and European telecommunications regulation": a comment / Ray Rees -- New competition in telecommunications markets: regulatory pricing principles / Paul de Bijl and Martin Peitz -- Remarks on de Bijl and Peitz's "new competition in telecommunications markets: regulatory pricing principles" / Ingo Vogelsang -- The interplay between regulation and competition: the case of universal service obligations / Steffan H. Hoernig and Tommaso M. Valletti -- II. European spectrum auctions: a British success story and continental failures? -- How (not) to run auctions: the European 3G telecom auctions / Paul Klemperer -- Rationalizing the UMTS spectrum bids: the case of the U.K. auction / Tilman Börgers and Christian Dustmann -- Efficiency of the British UMTS auction: a comment on Börgers and Dustmann / Klaus M. Schmidt -- Some observations on the British 3G telecom auction: comments on Börges and Dustmann / Paul Klemperer -- The British UMTS auction: a response to Klemperer and Schmidt / Tilman Börgers and Christian Dustmann -- III. The behavioral approach to auctions: further insights from experimental economics? -- The behavioral approach to the strategic analysis of spectrum auctions: the case of the German DCS-1800 auction / Klaus Abbink, Bernd Irlenbusch, Betting Rockenbach, Abdolkarim Sadriech, and Reinhard Selten -- IV. The German auction design -- The German UMTS design: insights from multi-object auction theory / Christian Ewerhard and Benny Moldovanu -- The third generation (UMTS) spectrum auction in Germany / Veronika Grimm, Frank Riedel, and Elmar Wolfstetter -- Some observations on the German 3G telecom auction: comments on Grimm, Riedel, and Wolfstetter / Paul Klemperer -- V. Closing the cirele: the Dutch auction and the interplay between the political process, market structure, and strategic behavior in auctions -- The Dutch UMTS auction / Eric van Damme -- Comments on "The Dutch UMTS auction" by Eric van Damme / Christian Ewerhart |
| Summary |
Leading experts in industrial organization and auction theory examine the recent European telecommunication license auction experience. In 2000 and 2001, several European countries carried out auctions for third generation technologies or universal mobile telephone services (UMTS) communication licenses. These "spectrum auctions" inaugurated yet another era in an industry that has already been transformed by a combination of staggering technological innovation and substantial regulatory change. Because of their spectacular but often puzzling outcomes, these spectrum auctions attracted enormous attention and invited new research on the interplay of auctions, industry dynamics, and regulation. This book collects essays on this topic by leading analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference; comments and responses are included as well, to preserve some of the controversy and atmosphere of give-and-take at the conference. The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and industrial organization. Because spectrum auctions are embedded in a dynamic interaction of consumers, firms, legislation, and regulation, a multidimensional approach yields important insights. The first essays discuss strategies of stimulating new competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they examine questions of auction design and efficiency and convincingly explain the enormous variation of revenues in different auctions |
| Analysis |
INFORMATION SCIENCE/Communications & Telecommunications |
|
ECONOMICS/Industrial Organization |
| Notes |
"CES." |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Telecommunication -- Case studies
|
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Trade regulation -- Case studies
|
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Competition -- Case studies
|
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BUSINESS & ECONOMICS -- Industries -- Media & Communications.
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TECHNOLOGY & ENGINEERING -- Telecommunications.
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Competition
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Telecommunication
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Trade regulation
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| Genre/Form |
Case studies
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Case studies.
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Études de cas.
|
| Form |
Electronic book
|
| Author |
Illing, Gerhard
|
|
Klüh, Ulrich
|
|
Universität München. Institut für Wirtschaftsforschung.
|
| LC no. |
2003059262 |
| ISBN |
0262090376 |
|
9780262090377 |
|
9780262276016 |
|
0262276011 |
|
