The European UMTS/IMT-2000 Licence Auctions

Philippe Jehiel () and Benny Moldovanu ()

No 2810, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Europe has taken the global lead in the issuance of third generation (3G) licences for mobile telecommunications according to the UMTS/IMT-2000 family of standards. We survey the recent European UMTS licence auctions and compare their outcomes with the predictions of a simple auction model that emphasises 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.

Keywords: Licence auctions; Market entry; Umts (search for similar items in EconPapers)
JEL-codes: D44 D45 L13 L96 (search for similar items in EconPapers)
Date: 2001-05
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: The European UMTS/IMT-2000 license auctions (2001)
Working Paper: The European UMTS/IMT-2000 License Auctions (2001)
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