SFB 504 discussion paper 02-05

Benny Moldovanu
Department of Economics, University of Mannheim, Germany
Seminargebäude A5, D-68131 Mannheim
mold@pool.uni-mannheim.de

Christian Ewerhart II
Sonderforschungsbereich 504
L 13, 15, D-68131 Mannheim
ewerhart@sfb504.uni-mannheim.de

The German UMTS Design: Insights From Multi-Object Auction Theory


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 probelm that caused firms in Germany to pay almost Euro 20 billion for nothing.
Keywords:
JEL-Classification:
Project:
C5 Moldovanu
Creation date:
2001-12-05
Publication Status
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http://www.sfb504.uni-mannheim.de/publications/dp02-05.pdf
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