TY - JOUR
T1 - Spectrum markets
T2 - Motivation, challenges, and implications
AU - Berry, Randall
AU - Honig, Michael L.
AU - Vohra, Rakesh
N1 - Funding Information:
The authors thank Hang Zhou for generating the plots in Figs. 3a and 3b, and Junjik Bae, Eyal Beigman, Hongxia Shen, and Hang Zhou for their contributions to an earlier version of this article presented at DySPAN 2008. This work was supported by the U.S. National Science Foundation under grants CNS-0519935 and CNS-0905407.
PY - 2010/11
Y1 - 2010/11
N2 - It is widely recognized that the centralized approach to spectrum management currently used in most countries has led to highly inefficient allocations. It is also recognized that more efficient allocations could be achieved through spectrum markets; however, most discussions have so far focused on secondary markets, which are managed by licensees. Here we take a more expansive view, and discuss some challenges and implications of implementing extensive spectrum markets across locations, time, and diverse sets of applications. The discussion is motivated by first examining the fundamental question: Is spectrum scarce or abundant? Given that spectrum is indeed scarce, and that spectrum property rights are appropriately defined, we speculate on the emergence of a two-tier market; the upper tier consists of spectrum owners that trade spectrum assets analogous to land rights, and the lower tier consists of spot markets for limitedduration rentals of spectrum assets from owners at particular locations. The changes such spectrum markets could bring to the provision of wireless services and wireless network design are discussed along with methods for addressing related interference management issues.
AB - It is widely recognized that the centralized approach to spectrum management currently used in most countries has led to highly inefficient allocations. It is also recognized that more efficient allocations could be achieved through spectrum markets; however, most discussions have so far focused on secondary markets, which are managed by licensees. Here we take a more expansive view, and discuss some challenges and implications of implementing extensive spectrum markets across locations, time, and diverse sets of applications. The discussion is motivated by first examining the fundamental question: Is spectrum scarce or abundant? Given that spectrum is indeed scarce, and that spectrum property rights are appropriately defined, we speculate on the emergence of a two-tier market; the upper tier consists of spectrum owners that trade spectrum assets analogous to land rights, and the lower tier consists of spot markets for limitedduration rentals of spectrum assets from owners at particular locations. The changes such spectrum markets could bring to the provision of wireless services and wireless network design are discussed along with methods for addressing related interference management issues.
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U2 - 10.1109/MCOM.2010.5621982
DO - 10.1109/MCOM.2010.5621982
M3 - Article
AN - SCOPUS:78149456659
VL - 48
SP - 146
EP - 155
JO - IEEE Communications Society Magazine
JF - IEEE Communications Society Magazine
SN - 0163-6804
IS - 11
M1 - 5621982
ER -