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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3113 |
DP3113 Monetary Policy With Uncertain Central Bank Preferences | |
Anne Sibert | |
发表日期 | 2001-12-12 |
出版年 | 2001 |
语种 | 英语 |
摘要 | This Paper studies bidding behaviour in the auction of radio spectrum for third generation mobile telephone services which took place in the United Kingdom in the spring of 2000. We show that several companies? bidding behaviour deviates strongly from theoretical predictions. In particular some companies? evaluation of the added advantage of having a large license rather than a small license seemed to change dramatically during the auction for no obvious reason. We conclude that it is less well understood than previously believed how spectrum auctions work, and whether they lead to an efficient allocation of spectrum. |
主题 | Industrial Organization |
关键词 | Simultaneous ascending auction Private value Third generation spectrum auction |
URL | https://cepr.org/publications/dp3113 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532139 |
推荐引用方式 GB/T 7714 | Anne Sibert. DP3113 Monetary Policy With Uncertain Central Bank Preferences. 2001. |
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