FCC Allows Spectrum License Trading On Thursday the Federal Communications Commission voted to allow spectrum licensees to lease their licensed spectrum to third parties. This long-awaited result now frees spectrum licensees and interested parties to create a secondary market in spectrum licenses. As reported in the New York Times, Officials and industry analysts say the …
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FCC Allows Spectrum License Trading On Thursday the Federal Communications Commission voted to allow spectrum licensees to lease their licensed spectrum to third parties. This long-awaited result now frees spectrum licensees and interested parties to create a secondary market in spectrum licenses. As reported in the New York Times, Officials and industry analysts say the …
FCC Allows Spectrum License Trading On Thursday the Federal Communications Commission voted to allow spectrum licensees to lease their licensed spectrum to third parties. This long-awaited result now frees spectrum licensees and interested parties to create a secondary market in spectrum licenses. As reported in the New York Times, Officials and industry analysts say the …
FCC Allows Spectrum License Trading On Thursday the Federal Communications Commission voted to allow spectrum licensees to lease their licensed spectrum to third parties. This long-awaited result now frees spectrum licensees and interested parties to create a secondary market in spectrum licenses. As reported in the New York Times, Officials and industry analysts say the …
The Consequences Of Failing To Do Sound Economic Institutional Analysis:
As I argue in this presentation delivered last week at the Ronald Coase Institute Workshop on Institutional Analysis, the bifurcated PX/ISO pool trading structure created a myriad of incentives for both buyers and sellers to behave strategically. Furthermore, because I was making a methodological point to the students, better institutional analysis could have lessened or …
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Isnie
After the Coase workshop, most of the attendees stuck around for the annual conference of the International Society for New Institutional Economics, which had lots of great papers on electricity, so I was thrilled.
Where Have I Been?
In a hotel that only has dialup, that’s where! Last week I was honored and delighted to be on the faculty of the Ronald Coase Institute’s Workshop on Institutional Analysis. The workshop gathers together 25-30 economists from developing countries, either graduate students or young Ph.D.s, who are doing research on formal and/or informal economic institutions …
Why Doesn’t the Fcc Just Establish Spectrum Property Rights?
This story is not a tale of a successful privatization program, but is instead a cautionary tale of how regulation has created a worse outcome than privatization could. Technological innovation is enabling us to use the radio spectrum more intensively than before. This innovation is placing pressure on regulation and property rights issues in the …
Why Doesn’t the Fcc Just Establish Spectrum Property Rights? Read More »