Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75811
Authors: 
Wolfstetter, Elmar G.
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 534
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 auctiondesign 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 keyingredients 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
Document Type: 
Working Paper

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