3G licensing in Hong Kong: The debate
This paper provides a comprehensive review of a policy debate that has led to a unique 3G licensing scheme in Hong Kong. Key issues to be addressed include the choice of technical standards, allocation of radio spectrum, licensing options and open network requirement. With reference to the case of Hong Kong, the author argues explicitly that the winner's curse can be prevented by means of a carefully designed auction mechanism, the alleviation of licence scarcity and the firm pro-entry policy objective of the government.
3g licensing hong kong spectrum winner's curse auction