Is allowing trading enough? Making secondary markets in spectrum work

  • Authors:
  • Pietro Crocioni

  • Affiliations:
  • Warwick Business School, Scarman Road, University of Warwick, Coventry CV4 7AL, UK

  • Venue:
  • Telecommunications Policy
  • Year:
  • 2009

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Abstract

The debate on spectrum reforms has mostly focused on the choice between a property rights and a commons regime. This article argues that moving to a property right system requires careful attention to details in order to avoid that ''micro'' rather than ''macro'' factors may prevent efficient trades from taking place. It provides a framework to conduct this assessment, identifies a number of possible concerns and puts forward some solutions.