کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
557025 1451566 2006 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bids for the UMTS system: An empirical evaluation of the Italian case
موضوعات مرتبط
مهندسی و علوم پایه مهندسی کامپیوتر سیستم های اطلاعاتی
پیش نمایش صفحه اول مقاله
Bids for the UMTS system: An empirical evaluation of the Italian case
چکیده انگلیسی
The aim of this paper is to analyze the licensing of the telecommunication spectrum as a public good and the search for equilibrium prices through bilateral bargaining and multilateral bidding. It develops a general model of price setting under dynamic uncertainty and applies it to the Italian auction for Universal Mobile Telecommunications System (UMTS). The empirical application shows that the model can be used both to determine the base price as well as other desirable characteristics to organize an auction and to better understand, after the auction is closed, what really happened in terms of the critical factors involved. After recalling some basic concepts on spectrum rights and reviewing the general experience with UMTS auctions in Europe, the formal model and its application are presented. The results confirm certain views on the Italian auction, which are widely shared but were never tested before, namely that: (i) given the initial price, the number of licenses offered for the bidding should have been fewer, or alternatively, (ii) given the number of licenses, the base price should have been higher and (iii) the main bidder underpaid for the license. The model also allows us to quantify the bidders' reservation price and the State and the bidders' implicit bargaining powers.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Telecommunications Policy - Volume 30, Issues 10–11, November–December 2006, Pages 533-551
نویسندگان
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