TY - JOUR
T1 - An experimental test of design alternatives for the British 3G/UMTS auction
AU - Abbink, Klaus
AU - Irlenbusch, Bernd
AU - Pezanis-Christou, Paul
AU - Rockenbach, Bettina
AU - Sadrieh, Abdolkarim
AU - Selten, Reinhard
PY - 2005
Y1 - 2005
N2 - In 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.
AB - In 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.
U2 - 10.1016/S0014-2921(03)00044-8
DO - 10.1016/S0014-2921(03)00044-8
M3 - Article
SN - 0014-2921
VL - 49
SP - 505
EP - 530
JO - European Economic Review
JF - European Economic Review
IS - 2
ER -