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Never underestimate the power of signals - game theory in frequency auctions | with Stephan Knapek

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Manage episode 327196634 series 3344349
Content provided by TWS Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TWS Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In 2020, the Nobel prize for economics was awarded to Robert Wilson and Paul Milgrom for their contributions to complex auction formats.

In this episode of Game Changer, Stephan Knapek, Managing Partner at TWS Partners, talks about frequency auctions as a practical application of such complex auction formats.

He explains why the state uses auctions to allocate frequency bands to telecom providers, and how these auctions are structured.

He also gives insights to the strategies of the bidders, and shows how some of them exploit flaws and loopholes in the auction ruleset in order to send signals to their competitors.

If you want to read more on this topic – and if you are fluent in German – you can check out Stephan’s articles in the German newspaper Handelsblatt, where he commented on the developments of the German 5G frequency auction in 2019: https://www.tws-partners.com/about-us/media/press-news/handelsblatt-5g-auction-in-germany/

  continue reading

93 episodes

Artwork
iconShare
 
Manage episode 327196634 series 3344349
Content provided by TWS Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TWS Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In 2020, the Nobel prize for economics was awarded to Robert Wilson and Paul Milgrom for their contributions to complex auction formats.

In this episode of Game Changer, Stephan Knapek, Managing Partner at TWS Partners, talks about frequency auctions as a practical application of such complex auction formats.

He explains why the state uses auctions to allocate frequency bands to telecom providers, and how these auctions are structured.

He also gives insights to the strategies of the bidders, and shows how some of them exploit flaws and loopholes in the auction ruleset in order to send signals to their competitors.

If you want to read more on this topic – and if you are fluent in German – you can check out Stephan’s articles in the German newspaper Handelsblatt, where he commented on the developments of the German 5G frequency auction in 2019: https://www.tws-partners.com/about-us/media/press-news/handelsblatt-5g-auction-in-germany/

  continue reading

93 episodes

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