RT Monograph SR 00 A1 Aimene, Louise A1 Guiffard, Jean-Baptiste A1 Ivaldi, Marc A1 Liang, Julienne T1 Welfare Cost of Mobile Spectrum (Mis)allocation YR 2023 FD 2023-02 VO 23-1407 SP 31 K1 spectrum allocation K1 network investment K1 market structure K1 investment and K1 competition AB Conditions under which spectrum is allocated are significant in determining the market structure in the telecom sector which in turn affects the prices and the quality of mobile services. In a more concentrated market, the quantity of spectrum is less diluted, and operators can offer higher quality to their customers; In a more competitive market, consumers can benefit from a lower price but at the expense of less quality for each operator. To address this trade-off, we first fit a demand model of mobile telecommunications services on a unique panel database of 23 European MNOs; we then conduct counterfactual simulations to measure the effect on consumer surplus of different schemes of spectrum allocation in Germany. Reallocating additional spectrum to three instead of four operators is consumer welfare improving as increasing prices is compensated by larger improvement in quality. T2 TSE Working Paper PB TSE Working Paper PP Toulouse AV Published LK https://publications.ut-capitole.fr/id/eprint/46779/ UL http://tse-fr.eu/pub/127828