Enabling efficient wireless communications: The role of secondary spectrum markets
Despite the potentially critical nature of secondary markets in maintaining efficient spectrum and wireless markets, research has to date has focused primarily on the Federal Communication Commission's rules for initial distribution of spectrum. To redress this lacuna, we first examine the evolution of conceptual and policy developments directed toward secondary spectrum markets. Then, we seek to move beyond those efforts to empirically document the development of secondary spectrum activity in the United States and the relationship of that development to the evolving policy toward such markets. We categorize and explore different types of secondary spectrum markets. Then, by drawing on a database of every spectrum license transaction since 1994, we explore the depth and breadth of spectrum trading in secondary markets. We find that the FCC has radically reduced the time it takes to approve trades, making the system more akin to notification than to approval. We also find that a large amount of spectrum changes hands each year. While these conclusions do not necessarily imply that secondary markets work efficiently, they do show that policy efforts to facilitate and energize the growth of secondary spectrum markets are bearing considerable fruit.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mayo John W, 2008. "It's No Time to Regulate Wireless Telephony," The Economists' Voice, De Gruyter, vol. 5(1), pages 1-4, February.
- Shelanski, Howard A & Huber, Peter W, 1998. "Administrative Creation of Property Rights to Radio Spectrum," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 581-607, October.
- Michelle Connolly & Evan Kwerel, 2007. "Economics at the Federal Communications Commission: 2006–2007," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 31(2), pages 107-120, September.
- Thomas W. Hazlett, 2008. "Property Rights and Wireless License Values," Journal of Law and Economics, University of Chicago Press, vol. 51(3), pages 563-598, 08.
- Bykowsky, Mark, 2003. "A secondary market for the trading of spectrum: promoting market liquidity," Telecommunications Policy, Elsevier, vol. 27(7), pages 533-541, August.
When requesting a correction, please mention this item's handle: RePEc:eee:iepoli:v:22:y:2010:i:1:p:61-72. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.