Jehiel, P.; Moldovanu, B.; (2001) The European UTMS/IMT2000 license auctions. (ELSE Working Papers 8). ESRC Centre for Economic Learning and Social Evolution: London, UK.

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Abstract

We survey the recent European UMTS license auctions and compare their outcomes with the predictions of a simple model that emphasizes future market structure as a main determinant of valuations for licenses. Since the main goal of most spectrum allocation procedures is economic efficiency, and since consumers (who are affected by the ensuing market structure) do not participate at the auction stage, good designs must alleviate the asymmetry among incumbents and potential entrants by actively encouraging entry.

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