Unnecessary Regulations and the Value of Spectrum: An Economic Evaluation of Lease Term Limits for the Educational Broadband Service

Phoenix Center Policy Bulletin No. 15

15 Pages Posted: 8 May 2006

See all articles by George S. Ford

George S. Ford

Phoenix Center for Advanced Legal & Economic Public Policy Studies

Thomas Koutsky

USAID Global Development Lab

Date Written: February 2006

Abstract

Licensed to nonprofit educational entities, the 2500-2690 MHz band of spectrum has been plagued by overly intrusive governmental policy since its inception over forty years ago. As a consequence, this spectrum is woefully underutilized. In 2004, the Federal Communications Commission recognized that private sector investment will help fulfill the educational mission of this spectrum and took several important steps to create a "secondary market" for leases of this spectrum. However, some organizations have now proposed that the Commission limit the length of those leases to 15 years. In this BULLETIN, we find that a lease term limitation may lead to reduced private sector investment in and inefficient use of this important band of spectrum.

Keywords: Spectrum Policy, Educational Broadband Service

JEL Classification: O33, O38, L96, L98, L99

Suggested Citation

Ford, George S. and Koutsky, Thomas M., Unnecessary Regulations and the Value of Spectrum: An Economic Evaluation of Lease Term Limits for the Educational Broadband Service (February 2006). Phoenix Center Policy Bulletin No. 15, Available at SSRN: https://ssrn.com/abstract=899623 or http://dx.doi.org/10.2139/ssrn.899623

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

Thomas M. Koutsky

USAID Global Development Lab ( email )

1300 Pennsylvania Avenue NW
Washington, DC 20577
United States

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