Implementing a Market‐Based Spectrum Policy
探讨如何通过频谱商品化、建立二级市场和改进拍卖机制，实现灵活高效的频谱市场，降低交易成本并促进电信市场竞争。
The spectrum auctions were a step toward the Herzel‐Coase vision of a flexible and efficient market for spectrum. This article examines what remains to be done. Spectrum must be unbundled from broadcast and transmission facilities. The “commoditization” of spectrum will facilitate standardization, price discovery, and open access to diverse users. A liquid secondary spectrum market will lower transactions and entry cost, making telecommunications markets contestable. Auctions should be used to elicit a supply of spectrum from licensees as well as to allocate it to new users. In closing the spectrum commons, Congress granted use to a privileged few. Unbundled spectrum property rights, commoditization, and open markets will give the public access to this public resource.