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Economic Implications of New Technologies for Licensed and Unlicensed Spectrum

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  • John P. Conley

    (Vanderbilt University)

Abstract

Rapid changes in technology create challenges and opportunities for spectrum regulators. Enabling connectivity and maximizing the value of the very finite amount of bandwidth available will play an increasingly important role in the country's economic development and innovative potential. In this paper, we attempt to clarify the nature of spectrum as an economic resource. We show how and why there will be market failure, and how the tools available to regulators might best be deployed in response. We consider the spectrum needs of emerging technologies and how judicious choices of protocols, regulations, market structures might help satisfy them. In particular, we focus on factors that make licensed or unlicensed approaches the best choice for different use cases. Finally, we discuss the similarities between wireless and wired broadband and what this suggest about net neutrality and market structure in the appendix.

Suggested Citation

  • John P. Conley, 2019. "Economic Implications of New Technologies for Licensed and Unlicensed Spectrum," Vanderbilt University Department of Economics Working Papers 19-00011, Vanderbilt University Department of Economics.
    • Handle: RePEc:van:wpaper:vuecon-sub-19-00013
    as

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    References listed on IDEAS

    as
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    3. Conley, John P. & Smith, Stefani C., 2005. "Coasian equilibrium," Journal of Mathematical Economics, Elsevier, vol. 41(6), pages 687-704, September.
    4. John P. Conley & Fan‐Chin Kung, 2010. "Private Benefits, Warm Glow, and Reputation in the Free and Open Source Software Production Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(4), pages 665-689, August.
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    More about this item

    Keywords

    Licensed and Unlicensed Spectrum; Spectrum Allocation; 802.11; WiFi; LTE; LTE-u; Net Neutrality; IoT; Cognitive Radio; Communications Protocols; Public Goods; Externalities;
    All these keywords.

    JEL classification:

    • L8 - Industrial Organization - - Industry Studies: Services
    • H4 - Public Economics - - Publicly Provided Goods

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