A secondary market for the trading of spectrum: promoting market liquidity
AbstractThe development of a successful secondary market for the trading of spectrum is not a foregone conclusion. The multi-dimensional nature of radio spectrum, which requires that a bid to buy and an offer to sell conform across the multiple dimensions, suggests that the market may be very "thin." In addition, existing commercial users of spectrum have little incentive to sell excess spectrum if such spectrum will be employed by the buyer to provide a service that competes with the service provider by the seller. This paper discusses several steps to enhance market liquidity. One approach involves obtaining participation from federal spectrum users. Another step involves developing a market that both enhances market liquidity and provides participants the opportunity to incorporate a call option in the traded asset.
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Bibliographic InfoArticle provided by Elsevier in its journal Telecommunications Policy.
Volume (Year): 27 (2003)
Issue (Month): 7 (August)
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/30471/description#description
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- Mayo, John W. & Wallsten, Scott, 2010. "Enabling efficient wireless communications: The role of secondary spectrum markets," Information Economics and Policy, Elsevier, vol. 22(1), pages 61-72, March.
- Fulvio Minervini & Diego Piacentino, 2007. "Spectrum Management and Regulation: Towards a Full-Fledged Market for Spectrum Bands?," Working Papers 07-2007, Macerata University, Department of Studies on Economic Development (DiSSE), revised Nov 2008.
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