Bounded Rationality at Large: Technological Standards in Airwaves Auctions

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Bruggeman, Jeroen and Visser, Hendrik Jan and Rossum van, Wouter (2003) Bounded Rationality at Large: Technological Standards in Airwaves Auctions. Social Forces, 82 (1). pp. 169-173. ISSN 0037-7732

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Abstract:In industries characterized by several technological standards, each with positive network externalities, competition is different from industries with technologically "loosely coupled" organizations. We therefore expected that in airwaves auctions for mobile telephony in the U.S., network externalities would show up in firms' bidding. They did, although most firms were penny-wise but pound-foolish.
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Copyright:© 2003 University of North Carolina Press
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Management and Governance (SMG)
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Link to this item:http://purl.utwente.nl/publications/58643
Official URL:http://www.jstor.org/stable/3598142
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