Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75977
Authors: 
Ewerhart, Christian
Moldovanu, Benny
Year of Publication: 
2002
Series/Report no.: 
CESifo Working Paper 680
Abstract: 
We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to pay almost Euro 20 billion for nothing.
Document Type: 
Working Paper

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