Download or read book Determinants of Wireless Spectrum Prices written by Kenneth Tiedemann and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Those planning and implementing spectrum auctions generally have two primary objectives: increasing economic efficiency (or ensuring that spectrum is made available to those who can gain the most value from use of the spectrum) and revenue maximization (or ensuring that governments receive appropriate revenues from sales of the spectrum). There can, of course, sometimes be a trade-off between these two objectives. For example, a portion of the spectrum available for auction might be designated for new entrants to increase competition at the expense of some loss of revenue from incumbents who might be willing to pay more for additional spectrum than new entrants. Spectrum auction design has a significant impact on the extent to which the primary objectives of economic efficiency and revenue maximization are met. In his path-breaking examination of the policies of the Federal Communications Commission, Coase (1959) defined the terms of the debate on spectrum allocation. Coase argued that administrative licensing of spectrum was inefficient and that establishing a market for spectrum in which spectrum owners would be allowed to purchase, sell, lease, subdivide and aggregate spectrum would lead to more efficient spectrum allocation. A number of studies have built on Coase's insights to argue that administrative spectrum allocation and assignment techniques were inefficient, and that spectrum auctions produce superior results. Studies building on Coase's insights include Cramton's (1995, 1997, 2001) comprehensive analyses of FCC spectrum auctions, Chakravorti et al.'s (1995) study on Personal Communications Services spectrum auctions, de Vany's (1998) analysis of the implementation of market-based spectrum policy, Hazlett's (1990, 1998, 2001, 2008) wide-ranging work including studies of property rights and spectrum allocation, Binmore and Klemperer's (2002) analysis of the British 3G telecom auction, Klemper's (2002a) analysis of the European 3G telecom auctions, and McMillan's (1994, 1995) surveys of spectrum auctions. While these studies have produced rich insights into the determinants of spectrum prices, there appears to be relatively little quantitative analysis of the impact of alternative auction mechanisms on spectrum prices. The purpose of this paper is to help fill this gap by building and estimating a model of spectrum prices which focuses on the impact of alternative auction mechanisms. An outline of the paper is as follows. Section 2 provides a brief overview of auction theory, Section 3 summarizes the data and approach, Section 4 provides the results of the regression analysis, and Section 5 states the conclusions.
Download or read book Analysis of Spectrum Pricing for Commercial Mobile Services written by Varadharajan Sridhar and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Simultaneous Multiple Round Ascending Auction (SMRA) pioneered by Milgrom, Wilson and McAfee in 1994 has become a defacto standard auction mechanism for the award of radio spectrum for commercial mobile services around the world. The winning bid price in such SMRA spectrum auctions is of interest as it determines the valuation of the scarce resource by the mobile operators, and also indicates the revenue accrued to the governments as auction proceeds. We examine, using a cross-country panel dataset, the determinants of spectrum prices, of all the SMRA auctions held in about 25 countries during 1994-2019. Our findings indicate that reserve prices fixed by the auctioneer as the starting price of auctions and the competition in the auction are the two variables that significantly affect the winning bid prices positively in SMRA auctions. The effect of reserve prices is more pronounced in regional auctions held in countries such as the U.S. and India. Further, the larger the amount of spectrum put on auction, lesser is the winning bid price, thereby indicating the traditional supply-demand relationship. Based on these findings, we provide policy prescriptions on fixing appropriate reserve prices, providing a clear visibility of spectrum availability, and increasing competition in mobile services for effective use of scarce radio spectrum.
Download or read book Is There Really a Spectrum Crisis Quantifying the Factors Affecting Spectrum License Value written by Scott Wallsten and published by . This book was released on 2013 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The policy world is awash with worries about spectrum shortages as demand for wireless services grows. Using data on more than 69,000 licenses from every FCC spectrum auction since 1996, this paper disentangles and quantifies the factors that differently contribute to license value. I find that, all else equal, spectrum prices increased steadily from 2007 - 2011, flexible use licenses are significantly more valuable than licenses that proscribe certain uses, policy uncertainty depresses license value, and Verizon and AT&T pay more than other carriers for licenses, all else equal. I also find that larger geographic definitions generally correlate with lower license values and, contrary to conventional wisdom, more bandwidth is not correlated with higher values.
Download or read book The Invisible Resource written by Harvey J. Levin and published by Routledge. This book was released on 2013-10-18 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book both describes and criticizes the regulatory policies of the Federal Communications Commission (F.C.C.). If accepted, these criticisms would result in a comprehensive alteration of current F.C.C. policies. Originally published in 1971
Download or read book The Economics of Mobile Telecommunications written by Harald Gruber and published by Cambridge University Press. This book was released on 2005-05-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mobile telecommunications industry is one of the most rapidly growing sectors around the world. This book offers a comprehensive economic analysis of the main determinants of growth in the industry. Harald Gruber demonstrates the importance of competitive entry and the setting of technological standards, both of which play a central role in their contribution to the fast diffusion of technology. Detailed country studies provide empirical evidence for the development of the main themes: the diffusion of mobile telecommunications services, the pricing policies in network industries, the role of entry barriers such as radio spectrum and spectrum allocation procedures. This research-based survey will appeal to a wide range of applied industrial economists within universities, government and the industry itself.
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 2011-06-27 with total page 1004 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Radio Spectrum Management written by Haim Mazar (Madjar) and published by John Wiley & Sons. This book was released on 2016-07-11 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the fundamentals of wireless communications and services, explaining in detail what RF spectrum management is, why it is important, which are the authorities regulating the use of spectrum, and how is it managed and enforced at the international, regional and national levels. The book offers insights to the engineering, regulatory, economic, legal, management policy-making aspects involved. Real-world case studies are presented to depict the various approaches in different countries, and valuable lessons are drawn. The topics are addressed by engineers, advocates and economists employed by national and international spectrum regulators. The book is a tool that will allow the international regional and national regulators to better manage the RF spectrum, and will help operators and suppliers of wireless communications to better understand their regulators.
Download or read book Technical Aspects in Effective Frequency Spectrum Pricing written by Muhammed M. Abdelhaseeb and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Microwave spectrum has been the primary solution for the rapid and cost-effective rollout of mobile backhaul infrastructure. Most of the mobile sites worldwide today are connecting via Microwave (MW) or Millimeter Wave (mmW) radio links. The evolution from 4G towards 5G presents significant challenges to all transport technologies and wireless ones make no exception. The goal of this paper is to investigate technical factors that can be used by regulators in order to achieve an effective frequency spectrum-pricing model applied for Microwave links. Especially in this stage, while all mobile operators need a huge bandwidth of spectrum to accommodate and backhaul high data rates for 4G and 5G applications. There are several strategies in theory that could be used by regulators in order to determine appropriate frequency spectrum fees. In addition, there are different factors when it comes to evaluating the value of spectrum. Many aspects and issues are facing regulators for designing an effective spectrum management, such as efficient spectrum usage, public and social benefits, introduction of new technologies, licensing regimes, etc. Therefore, in this paper we are looking for some technical factors that may be taken into account in order to have an effective frequency spectrum-pricing model for Microwave links.
Download or read book The Invisible Resource written by Harvey J. Levin and published by Routledge. This book was released on 2013-10-18 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book both describes and criticizes the regulatory policies of the Federal Communications Commission (F.C.C.). If accepted, these criticisms would result in a comprehensive alteration of current F.C.C. policies. Originally published in 1971
Download or read book Auction Design for the Wireless Spectrum Market written by Peng Lin and published by Springer. This book was released on 2014-05-24 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Brief introduces the wireless spectrum market and discusses the current research for spectrum auctions. It covers the unique properties of spectrum auction, such as interference relationship, reusability, divisibility, composite effect and marginal effect, while also proposing how to build economic incentives into the network architecture and protocols in order to optimize the efficiency of wireless systems. Three scenarios for designing new auctions are demonstrated. First, a truthful double auction scheme for spectrum trading considering both the heterogeneous propagation properties of channels and spatial reuse is proposed. In the second scenario, a framework is designed to enable spectrum group secondary users with a limited budget. Finally, a flexible auction is created enabling operators to purchase the right amounts of spectrum at the right prices according to their users’ dynamic demands. Both concise and comprehensive, Auction Design for the Wireless Spectrum Market is suited for professionals and researchers working with wireless communications and networks. It is also a useful tool for advanced-level students interested in spectrum and networking issues.
Download or read book Essentials of Economics written by Paul Krugman and published by Macmillan. This book was released on 2010-10 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt: Check out preview content for Essentials of Economics here. Essentials of Economics brings the same captivating writing and innovative features of Krugman/Wells to the one-term economics course. Adapted by Kathryn Graddy, it is the ideal text for teaching basic economic principles, with enough real-world applications to help students see the applicability, but not so much detail as to overwhelm them. Watch a video interview of Paul Krugman here.
Download or read book The Economics of the Digital Society written by Luc Soete and published by Edward Elgar Publishing. This book was released on 2005 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents research into the economics of the digital society. This work offers an overview of the changes that information and communication technologies (ICTs) have brought about in our analysis and understanding of society, focusing upon welfare economics, networks, the diffusion of businesses and various forms of entrepreneurship, and more. This important new book presents a unique body of research into the economics of the digital society. It questions how modern economies have been transformed as a result of digital goods and markets, and explores the policy implications and challenges of this revolution. Luc Soete and Bas ter Weel have assembled leading economists and social scientists to provide an invaluable insight into the influence of the digital society in the core fields of economics. They offer a comprehensive overview of the changes that information and communication technologies (ICTs) have brought about in our analysis and understanding of society, focusing particularly upon welfare economics, networks, the diffusion of new businesses and new forms of entrepreneurship, the auctioning of licences, the much-debated role of intellectual property rights and the emergence of free software in the open-source movement
Download or read book Determinants of a Digital Divide in Sub Saharan Africa written by Piet Buys and published by World Bank Publications. This book was released on 2008 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most discussions of the digital divide treat it as a "North-South" issue, but the conventional dichotomy doesn't apply to cell phones in Sub-Saharan Africa. Although almost all Sub-Saharan countries are poor by international standards, they exhibit great disparities in coverage by cell telephone systems. Buys, Dasgupta, Thomas and Wheeler investigate the determinants of these disparities with a spatially-disaggregated model that employs locational information for cell-phone towers across over 990,000 4.6-km grid squares in Sub-Saharan Africa. Using probit techniques, a probability model with adjustments for spatial autocorrelation has been estimated that relates the likelihood of cell-tower location within a grid square to potential market size (proximate population); installation and maintenance cost factors related to accessibility (elevation, slope, distance from a main road, distance from the nearest large city); and national competition policy. Probit estimates indicate strong, significant results for the supply-demand variables, and very strong results for the competition policy index. Simulations based on the econometric results suggest that a generalized improvement in competition policy to a level that currently characterizes the best-performing states in Sub-Saharan Africa could lead to huge improvements in cell-phone area coverage for many states currently with poor policy performance, and an overall coverage increase of nearly 100 percent.
Download or read book Economics written by Paul R. Krugman and published by Macmillan. This book was released on 2009-02-28 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an accessible and thorough introduction to economics, this text offers real-world examples to bring theory to life. Students and lecturers will benefit from the vast array of supplements, including a companion website with extra material and resources
Download or read book The Unpredictable Certainty written by National Research Council and published by National Academies Press. This book was released on 1996-03-26 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: We have available an impressive array of information technology. We can transmit literature, movies, music, and talk. Government, businesses, and individuals are eager to go on-line to buy, sell, teach, learn, and more. How, then, should we go about developing an infrastructure for on- line communication among everyone everywhere? The Unpredictable Certainty explores the national information infrastructure (NII) as the collection of all public and private information services. But how and when will the NII become a reality? How will more and better services reach the home, small businesses, and remote locations? The Unpredictable Certainty examines who will finance the NII, exploring how technology companies decide to invest in deployment and the the vain search for "killer apps" (applications that drive markets). It discusses who will pay for ongoing services and how they will pay, looking at past cost/price models relevant to the future. The Unpredictable Certainty discusses the underlying technologies, appliances, and services needed before the NII becomes a reality; reviews key features of important technologies; and analyzes current levels of deployment in telephone, cable and broadcast television, and wireless systems, and the difficulties in interconnection. The volume explores the challenge of open interfaces that stimulate new applications but also facilitate competition, the trend toward the separation of infrastructure from specific services, the tension between mature services and new contenders, the growth of the Internet, and more. The roles governments at different levels might play in fostering NII deployment are outlined, including R&D and the use of information infrastructure for better delivery of government services and information.
Download or read book Krugman s Macroeconomics for AP written by Margaret Ray and published by Macmillan. This book was released on 2010-07-30 with total page 928 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Adapted from Macroeconomics, Second edition by Paul Krugman and Robin Wells."
Download or read book DTV Staff Discussion Draft of the DTV Transition Act of 2005 written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and the Internet and published by . This book was released on 2005 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
