Abstract

http://ssrn.com/abstract=2118321
 
 

References (43)



 
 

Citations (4)



 


 



Property Rights to Radio Spectrum in Guatemala and El Salvador: An Experiment in Liberalization


Thomas W. Hazlett


George Mason University Dept. of Economics and School of Law

Giancarlo Ibarguen


Francisco Marroquin University

Wayne A. Leighton


Francisco Marroquin University

August 15, 2006

TPRC 2006

Abstract:     
In most countries, wireless communications rely on administrative allocation of radio spectrum. The inefficiencies associated with this centralized approach have led economists, starting with Coase in 1959, to suggest 'propertyzing' radio spectrum. Critics of this approach assert that property rights impose prohibitive transaction costs and inhibit development of wireless services. Reforms enacted in Guatemala (in 1996) and El Salvador (in 1997) have largely implemented policies suggested by Coase, yielding a natural experiment. Evidence generated in the mobile telephone market suggests that these regimes are associated with a relatively high degree of competitiveness, and correspondingly high rates of deployment, while appearing to avoid high transaction costs in the public or private sectors. We conclude that these liberal reforms tend to produce results consistent with Coase’s policy conjecture.

Number of Pages in PDF File: 37

Keywords: spectrum allocation, telecommunications policy, wireless technology, mobile phone competition, property rights, transaction costs

JEL Classification: D85, L96, O54, P14, Q29

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Date posted: July 28, 2012  

Suggested Citation

Hazlett, Thomas W. and Ibarguen, Giancarlo and Leighton, Wayne A., Property Rights to Radio Spectrum in Guatemala and El Salvador: An Experiment in Liberalization (August 15, 2006). TPRC 2006. Available at SSRN: http://ssrn.com/abstract=2118321

Contact Information

Thomas W. Hazlett (Contact Author)
George Mason University Dept. of Economics and School of Law ( email )
George Mason School of Law
3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-4244 (Phone)
HOME PAGE: http://mason.gmu.edu/~thazlett/

George Mason Law School Logo

Giancarlo Ibarguen
Francisco Marroquin University ( email )
6 calle final, zona 10
Guatemala City, 01010
Guatemala
Wayne A. Leighton
Francisco Marroquin University ( email )
6 calle final, zona 10
Guatemala City, 01010
Guatemala
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