IDEAS home Printed from https://ideas.repec.org/a/eee/telpol/v45y2021i7s0308596121000719.html
   My bibliography  Save this article

Reclaiming spectrum from incumbents in inefficiently allocated bands: Transaction costs, competition, and flexibility

Author

Listed:
  • Rosston, Gregory L.
  • Skrzypacz, Andrzej

Abstract

Unlocking spectrum from inefficient, inflexible uses assigned mostly prior to the 1990s to a more efficient, flexible-use model is a key challenge for the Federal Communications Commission. This paper focuses on transitions of spectrum use and looks at how the FCC attempted to minimize transaction and holdout costs while also facilitating competition among service providers. The FCC's recent Broadcast Incentive Auction provides a case study to examine tradeoffs between centralized mechanisms and “overlay” auctions.

Suggested Citation

  • Rosston, Gregory L. & Skrzypacz, Andrzej, 2021. "Reclaiming spectrum from incumbents in inefficiently allocated bands: Transaction costs, competition, and flexibility," Telecommunications Policy, Elsevier, vol. 45(7).
  • Handle: RePEc:eee:telpol:v:45:y:2021:i:7:s0308596121000719
    DOI: 10.1016/j.telpol.2021.102167
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308596121000719
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.telpol.2021.102167?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Thomas W. Hazlett & Roberto E. Muñoz, 2009. "A welfare analysis of spectrum allocation policies," RAND Journal of Economics, RAND Corporation, vol. 40(3), pages 424-454, September.
    2. Gregory Rosston, 2014. "Increasing the Efficiency of Spectrum Allocation," Discussion Papers 13-035, Stanford Institute for Economic Policy Research.
    3. Gregory Rosston, 2014. "Increasing the Efficiency of Spectrum Allocation," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 45(3), pages 221-243, November.
    4. Cramton, Peter & Kwerel, Evan & Williams, John, 1998. "Efficient Relocation of Spectrum Incumbents," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 647-675, October.
    5. Rosston, Gregory L., 2003. "The long and winding road: the FCC paves the path with good intentions," Telecommunications Policy, Elsevier, vol. 27(7), pages 501-515, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michelle Connolly & Nelson Sa & Azeem Zaman & Chris Roark & Akshaya Trivedi, 2018. "The Evolution of U.S. Spectrum Values Over Time," Working Papers 121, Brandeis University, Department of Economics and International Business School.
    2. Thomas W. Hazlett & David Porter & Vernon Smith, 2011. "Radio Spectrum and the Disruptive Clarity of Ronald Coase," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 125-165.
    3. Peter Cramton & Evan Kwerel & Gregory Rosston & Andrzej Skrzypacz, 2011. "Using Spectrum Auctions to Enhance Competition in Wireless Services," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 167-188.
    4. O. Carare & E. Kiselev & W. Leighton & J. Levy & K. LoPiccalo & P. Sanyal & T. Waldon, 2016. "Economics at the FCC, 2015–2016: Competition, Merger Review, and Spectrum Management," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(4), pages 557-584, December.
    5. Blumrosen, Liad & Solan, Eilon, 2023. "Selling spectrum in the presence of shared networks: The case of the Israeli 5G auction," Telecommunications Policy, Elsevier, vol. 47(2).
    6. Tomomi Tanaka, 2005. "Resource allocation with spatial externalities: Experiments on land consolidation," Experimental 0511004, University Library of Munich, Germany.
    7. Vincent van den Berg, 2013. "Over- and Under-Bidding in Tendering," Tinbergen Institute Discussion Papers 13-033/VIII, Tinbergen Institute.
    8. Thomas W. Hazlett, 2008. "Optimal Abolition of FCC Spectrum Allocation," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 103-128, Winter.
    9. Peter Cramton, 2002. "Spectrum Auctions," Papers of Peter Cramton 01hte, University of Maryland, Department of Economics - Peter Cramton, revised 16 Jul 2001.
    10. Park, Minsoo & Lee, Sang-Woo & Choi, Yong-Jae, 2011. "Does spectrum auctioning harm consumers? Lessons from 3G licensing," Information Economics and Policy, Elsevier, vol. 23(1), pages 118-126, March.
    11. Alexander Teytelboym & Shengwu Li & Scott Duke Kominers & Mohammad Akbarpour & Piotr Dworczak, 2021. "Discovering Auctions: Contributions of Paul Milgrom and Robert Wilson," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 709-750, July.
    12. Reed E. Hundt & Gregory L. Rosston, 2005. "Cost Contingency as the Standard Deviation of the Cost Estimate for Cost Engineering," Discussion Papers 04-007, Stanford Institute for Economic Policy Research.
    13. Gary Madden & Erik Bohlin & Thien Tran & Aaron Morey, 2014. "Spectrum Licensing, Policy Instruments and Market Entry," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 44(3), pages 277-298, May.
    14. Robert N. Stavins, 2011. "The Problem of the Commons: Still Unsettled after 100 Years," American Economic Review, American Economic Association, vol. 101(1), pages 81-108, February.
    15. Cambini, Carlo & Garelli, Nicola, 2017. "Spectrum fees and market performance: A quantitative analysis," Telecommunications Policy, Elsevier, vol. 41(5), pages 355-366.
    16. Benoît Pierre Freyens & Chris Jones, 2014. "Efficient Allocation of Radio Spectrum," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(1), pages 1-23, February.
    17. van den Berg, Vincent A.C. & Rouwendal, Jan, 2016. "Tender auctions with existing operators bidding," Economics of Transportation, Elsevier, vol. 6(C), pages 1-10.
    18. Fulvio Minervini & Diego Piacentino, 2007. "Spectrum Management and Regulation: Towards a Full-Fledged Market for Spectrum Bands?," Working Papers 07-2007, Macerata University, Department of Studies on Economic Development (DiSSE), revised Nov 2008.
    19. Lawrence M. Ausubel & Peter Crampton & Paul Milgrom, 2004. "The Clock-Proxy Auction: A Practical Combinatorial Auction Design," Discussion Papers 03-034, Stanford Institute for Economic Policy Research.
    20. Peter Cramton, 2013. "Spectrum Auction Design," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(2), pages 161-190, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:telpol:v:45:y:2021:i:7:s0308596121000719. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30471/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.