Optimal Control of Broadcasting Spectrum
AbstractA socially desirable number of royalties-paying users of state-owned broadcasting spectrum is derived within an optimal control framework that allows free entry and exit. The analysis takes into account the trade-off between the benefits from higher variety and royalties’ revenues and the costs of the intensified interferences associated with entry. It also considers the opposing effects of broadcasts on aggregate income: information dissemination versus diversion of productive time. The steady-state of the broadcasting industry is derived for the case where these effects offset one another and for the case where the positive information-dissemination effect is dominant.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp10-07.
Length: 19 pages
Date of creation: 2010
Date of revision:
Contact details of provider:
Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
More information through EDIRC
Economics; Optimal Control; Spectrum; Variety; Interferences; Royalties;
Find related papers by JEL classification:
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- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-27 (All new papers)
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