Low equilibrium in multi-unit auctions: the GSM spectrum auction in Germany
Article Abstract:
A description of the low price equilibrium observed in the second-generation global system for mobiles (GSM) auction in Germany is provided. It is stated that this observance is a plausible outcome of simultaneous ascending auctions when the objects are mutual substitutes and valuations are common knowledge.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2003
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Spatial contests
Article Abstract:
Research into the location choice of firms competing for customers is presented. There is a subgame perfect equilibrium in the location game.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2000
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Silent interests and all-pay auctions
Article Abstract:
Effects of silent shareholdings during all-pay auctions, when the strongest firm has large share in the second strongest firm are presented.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2006
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