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The European UTMS/IMT2000 license auctions

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. Green open access

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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.

Type: Working / discussion paper
Title: The European UTMS/IMT2000 license auctions
Open access status: An open access version is available from UCL Discovery
Publisher version: http://else.econ.ucl.ac.uk/newweb/papers.php#2001
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/14659
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