Some Observations on the German 3G Telecom Auction: Comments on Grimm, Riedel and Wolfstetter.
- Grimm, Riedel and Wolfstetter (2002) have developed an intriguing explanation for the apparently puzzling bidding in the year 2000 German 3G telecom auction. These comments on their paper discuss why I do not find their explanation fully satisfactory, and suggest alternative explanations, including a relative-performance-maximising theory. I also comment briefly on issues about several other 3G auctions.
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