Polish experience from first-ever spectrum auction

Kuś, Agnieszka

doi:10.1016/j.telpol.2020.101971

Cited by 10 publications

(6 citation statements)

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“…Four major mobile operators (i.e., Orange, P4, T-Mobile and Polkomtel) and two others: NetNet and Hubb Investment participated in the auction. It had a turbulent course and lasted a very long time compared to other spectrum auctions in the world (the main bidding included 513 rounds), largely due to significant failures in the auction rules (Ku\, 2020). The lack of credibility of bidding and the inability to enforce the bids made by auction participants encouraged speculative bidding and translated into the level of prices achieved.…”

Section: Application Of Quasi-experimental Methods In the Case Of The...mentioning

confidence: 99%

“…The lack of credibility of bidding and the inability to enforce the bids made by auction participants encouraged speculative bidding and translated into the level of prices achieved. The total revenue from the auction amounted to more than PLN 9 billion and was one of the highest in Europe, which raised concerns about the negative effects of high spectrum prices on the Polish mobile market and consumers (Ku\, 2020(Ku\, , 2023.…”

Section: Application Of Quasi-experimental Methods In the Case Of The...mentioning

confidence: 99%

“…Quasi-experiment is a relatively new approach in economic studies, so we believe, that our paper can contribute to the spread of this method among Polish researchers. This study is a continuation of the author's research on spectrum auctions (Ku\, 2020(Ku\, , 2022 and the potential impact of high license fees on the mobile Internet market (Ku\, 2023).…”

Section: Introductionmentioning

confidence: 94%

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The originality of the conducted research lies in a holistic approach to analysing entrepreneurs' satisfaction, identifying statistical relationships between satisfaction and diverse economic behaviours, and exploring the role of emotions in making business decisions. This collectively provides a new perspective on the behavioral finance of businesses. Literature reviewEmotions play a significant role in the process of making business decisions. Despite the common tendency to focus on data and facts analysis, it is emotions, both conscious and hidden, that influence the shaping of strategies, the selection of business partners, and the willingness to take risks. Entrepreneurs, considering their personal emotions, introduce a subjective element into the decision-making process, which can lead to both successes and failures.The origin of the word "emotion" derives from the Latin verb "motere," meaning "to move".However, to fully understand the meaning of this term, it is worth noting the prefix "e-", suggesting something more than just movement or stirringit may indicate an additional, extended, or surpassing basic activity. This prefix indicates that emotions have a tendency to act or react (Goleman, 1997, p. 27). Emotions are not only associated with experiencing specific mental states but also with a tendency to evoke particular behaviors or reactions. They are deeply embedded within a person and often guide their actions and influence the decisions made.According to D. Goleman, emotions can be defined as a complex blend of feelings and thoughts that are associated with specific psychological states and biological reactions of the organism. These emotional states, along with predispositions to action, constitute an integral part of the human heritage passed down to us by evolution (Goleman, 1997, p. 442). D. Goleman asserts that emotions essentially serve as stimuli shaping an individual's readiness for action. These are rapid life-saving or life-sustaining plans embedded in our psyche by evolutionary history. Emotional reactions triggered by various situations, such as fear, joy, anger, or sadness, not only influence human thoughts and feelings but also activate instincts and prepare individuals to take appropriate actions at the given moment. Therefore, comprehending emotions is crucial for a better understanding of human behaviour and responses in various life situations.Another renowned psychologist, R. Lazarus, proposes a more intricate approach to emotions. He contends that emotions result from an individual's appraisal of a situation, rather than being merely reactions to specific stimuli. According to his theory, emotions are more

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Section: Application Of Quasi-experimental Methods In the Case Of The...mentioning

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Section: Application Of Quasi-experimental Methods In the Case Of The...mentioning

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Section: Introductionmentioning

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“…4 Changes during Finland's 2013 auction were to limit price reductions when bids were withdrawn and avoid a repetitive pattern of prices going up and down -see DotEcon (2019, p.49). The change during Poland's 2014 auction was to curtail the auction with a final round of sealed bids -see Kuś (2020). During Portugal's 2021 auction changes were made both to the schedule of rounds and the minimum bid increment, as set out in Section 11.2.…”

Section: Notesmentioning

confidence: 99%

Regulation, public value, and policymaking

Myers¹

2023

Spectrum Auctions: Designing Markets to Benefit the Public, Industry and the Economy

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Good regulation underpins well-functioning markets. But there are inevitably risks of regulatory failure, chiefly ineffectiveness and unintended consequences. A high-level framework that is appropriate for analysing many public policy issues is one that balances the twin risks of market failure and regulatory failure.• Allocating radio spectrum to uses where it has the highest economic value is central to a rational-comprehensive approach to designing auctions. But some issues bring in broader values (such as equity and social cohesion) that are reflected in 'public value', especially questions of universal mobile coverage.

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“…The importance of controlling the pace of the auction was convinced by the German regulator BNetzA during the 5G auction in 2019. This auction lasted 497 rounds and only an increase in the rate increase six times led to its end.6 The entire allocation procedure, including the process of consulting the auction rules and explaining the auction documentation took over 2 years.7 A detailed analysis of the Polish LTE auction can be found in the article of A. Kuś (see:Kuś, 2020).…”

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Polish experience from first-ever spectrum auction

Cited by 10 publications

References 7 publications

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Regulation, public value, and policymaking

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