Spectrum value

Coleman Bazelon and Giulia McHenry

Telecommunications Policy, 2013, vol. 37, issue 9, 737-747

Abstract: Radio spectrum is a scarce resource; understanding its economic value is one piece of information needed to manage it efficiently. Estimating the value of radio spectrum, however, creates significant challenges not found in valuing some other assets. Spectrum is somewhat of a special case; market transactions provide a basis for valuation, but almost always require significant adjustments. Some adjustments are best made using discounted cash flow (DCF) analysis or econometric evidence. A review of past work on spectrum valuations suggests that focusing on a single valuation technique leaves critical information about spectrum value unused.

Keywords: Spectrum; Valuation; Net present value (NPV) (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1016/j.telpol.2013.06.004

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