Expediting Spectrum Repurposing Through Market Transactions

Phoenix Center Perspectives 18–08

8 Pages Posted: 10 Nov 2018

See all articles by T. Randolph Beard

T. Randolph Beard

Auburn University

George S. Ford

Phoenix Center for Advanced Legal & Economic Public Policy Studies

Date Written: October 12, 2018

Abstract

In this perspective, we present an economic model of how to design sensibly a market-based repurposing using the concept of an expiring “transaction window.” Specifically, we consider a two-stage process whereby incumbent licensees are first granted a fixed period of time to sell, acquire, or repurpose their licenses (i.e., the transaction window). To ensure an expeditious repurposing, this transaction window expires at a known, fixed date, at which time licenses held by incumbents that are not participating in or eligible for providing the “new” service are, in effect, reclaimed, and these incumbents are provided compensation established by the Commission. These reclaimed licenses are then assigned to those licensees in the band eligible for and interested in providing the services for which the spectrum is being repurposed.

Keywords: Spectrum, Transaction Window, Wireless Telecommunications, Mobile Telecommunications

JEL Classification: L96

Suggested Citation

Beard, T. Randolph and Ford, George S., Expediting Spectrum Repurposing Through Market Transactions (October 12, 2018). Phoenix Center Perspectives 18–08, Available at SSRN: https://ssrn.com/abstract=3268943

T. Randolph Beard

Auburn University

415 West Magnolia Avenue
Auburn, AL 36849
United States

George S. Ford (Contact Author)

Phoenix Center for Advanced Legal & Economic Public Policy Studies ( email )

5335 Wisconsin Avenue, NW
Suite 440
Washington, DC 20015
United States

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