An analytic research on secondary-spectrum trading mechanisms based on technical and market changes

  • Authors:
  • Hyenyoung Yoon;Junseok Hwang;Martin B. H. Weiss

  • Affiliations:
  • Broadcasting and Telecommunication Department, Korea Communications Agency, Seoul 138-803, Republic of Korea;Technology Management, Economics and Policy Program, College of Engineering, Seoul National University, Seoul 151-742, Republic of Korea;Department of Information Science and Telecommunications, School of Information Sciences, University of Pittsburgh, Pittsburgh, PA 15260, United States

  • Venue:
  • Computer Networks: The International Journal of Computer and Telecommunications Networking
  • Year:
  • 2012

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Abstract

Because of increasing spectrum demand, the value of the spectrum resource has been increasing, and efficiency of spectrum usage has been an important issue in the wireless industry. Therefore, there have recently been many studies of changing the spectrum management framework based on market mechanisms. This research analyses three different mechanisms as alternative secondary trading frameworks: a brokerage mechanism, auction and direct trading, and suggests an optimal framework for secondary-use trading based on in-depth simulations that consider different attributes according to their technical characteristics and market changes. Based on the analysis, this study investigates economic values and competition environments of each alternative for secondary trading mechanisms.