G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3113
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
URLhttps://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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