|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 373: Quantification and Simulation of Economic Processes, Humboldt-Universität Berlin >
Discussion Papers, SFB 373, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62770
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Grimm, Veronika | | en_US |
| dc.contributor.author | | Riedel, Frank | | en_US |
| dc.contributor.author | | Wolfstetter, Elmar | | en_US |
| dc.date.accessioned | | 2012-09-18T13:49:59Z | | - |
| dc.date.available | | 2012-09-18T13:49:59Z | | - |
| dc.date.issued | | 2001 | | en_US |
| dc.identifier.pi | | urn:nbn:de:kobv:11-10049639 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/62770 | | - |
| dc.description.abstract | | The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions. In particular it is shown that the low price equilibrium that implements the efficient allocation is the unique perfect equilibrium of that game. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Humboldt-Universität Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2001,31 | | en_US |
| dc.subject.jel | | D44 | | en_US |
| dc.subject.jel | | D45 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | multi-unit auctions | | en_US |
| dc.subject.keyword | | spectrum auctions | | en_US |
| dc.subject.keyword | | telecommunications | | en_US |
| dc.subject.keyword | | industrial organization | | en_US |
| dc.subject.keyword | | game theory | | en_US |
| dc.title | | Low price equilibrium in multi-unit auctions: The GSM spectrum auction in Germany | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 724885277 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:sfb373:200131 | | - |
| Appears in Collections: | | Discussion Papers, SFB 373, HU Berlin
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|