Phoenix Center Proposes New Approach for Repurposing Spectrum
A Phoenix Center study Friday proposed a two-stage economic model for market-based repurposing of spectrum, using an expiring “transaction window.” Licensees would get a fixed period to sell, acquire or repurpose their licenses. “This transaction window expires at a known,…
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fixed date, at which time licenses held by incumbents that are not participating in or eligible for providing the ‘new’ service receive a compensation level established by the Commission, such as relocation to new spectrum bands where a functionally equivalent flow of services may be obtained,” the center said. “The motivation to act fairly and quickly during the transaction window depends on the Commission’s chosen level of compensation when the window expires.” Senior Fellow Randolph Beard and Chief Economist George Ford did the study. “Economic theory and empirical evidence suggests an expiring transaction window will expedite market transactions for spectrum licenses,” Ford said.