Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62728
Authors: 
Wolfstetter, Elmar
Year of Publication: 
2001
Series/Report no.: 
Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2001,50
Abstract: 
This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auction design which was introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions in Europe, of which Switzerland is just one particularly pronounced example. The regulator would have been better advised to import some key ingredients of the auction design employed in Germany and Austria. This would have assured higher revenue or more competition. The paper closes with several proposals on how one should conduct future spectrum auctions.
Subjects: 
spectrum auctions
telecommunications
industrial organization
JEL: 
D43
D44
D45
H20
L13
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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