On The Economic Objectives of Spectrum Reforms

Research output: Contribution to journalArticle

Abstract

Reforms to spectrum management seek to improve the efficiency with which the radio spectrum is allocated and used through higher reliance on market forces (market pricing, property rights, trading). These reforms have helped specific spectrum-intensive industries achieve higher allocative efficiency through improved spectrum valuation and investor certainty about long-term spectrum holdings. However, the high degree of resource exclusivity conferred by property rights potentially crowds out access by innovative services, affecting dynamic efficiency. Reforms may also undermine technical efficiency if the owner makes scant use of the privatised spectrum. The paper takes stock of action research performed in the regulatory agency of a reforming country to present the economic trade-offs involved, and argue for a more piecemeal approach to reforms based on a flexible licensing system
Original languageEnglish
Pages (from-to)392-408
Number of pages17
JournalInternational Journal of Management and Network Economics
Volume2
Issue number4
DOIs
Publication statusPublished - 2012

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Economics
Property rights
Spectrum management
Crowd-out
Industry
Licensing
Resources
Technical efficiency
Exclusivity
Allocative efficiency
Trade-offs
Dynamic efficiency
Owners
Investors
Market forces
Pricing

Cite this

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title = "On The Economic Objectives of Spectrum Reforms",
abstract = "Reforms to spectrum management seek to improve the efficiency with which the radio spectrum is allocated and used through higher reliance on market forces (market pricing, property rights, trading). These reforms have helped specific spectrum-intensive industries achieve higher allocative efficiency through improved spectrum valuation and investor certainty about long-term spectrum holdings. However, the high degree of resource exclusivity conferred by property rights potentially crowds out access by innovative services, affecting dynamic efficiency. Reforms may also undermine technical efficiency if the owner makes scant use of the privatised spectrum. The paper takes stock of action research performed in the regulatory agency of a reforming country to present the economic trade-offs involved, and argue for a more piecemeal approach to reforms based on a flexible licensing system",
keywords = "Efficiency, Spectrum Allocation, Productivity",
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On The Economic Objectives of Spectrum Reforms. / Freyens, Benoit.

In: International Journal of Management and Network Economics, Vol. 2, No. 4, 2012, p. 392-408.

Research output: Contribution to journalArticle

TY - JOUR

T1 - On The Economic Objectives of Spectrum Reforms

AU - Freyens, Benoit

PY - 2012

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KW - Efficiency

KW - Spectrum Allocation

KW - Productivity

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DO - 10.1504/IJMNE.2012.051891

M3 - Article

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JO - International Journal of Management and Network Economics

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