Path and speed of spectrum management reform under uncertain costs and benefits
José Marino García-García (),
Aurelia Valiño Castro () and
Antonio Jesus Sanchez Fuentes ()
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José Marino García-García: Complutense Institute for International Studies (UCM) and Ministry of Energy, Tourism and the Digital Agenda.
No 1802, Working Papers del Instituto Complutense de Estudios Internacionales from Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales
The unsolved question in spectrum management is no longer if a reform is necessary to enable higher market participation but the optimal path and speed of reform. We offer an expression to determine when to choose a gradual or big bang reform depending on current and expected technology and an expression to determine whether to wait or not for new technology. Gradual is better if the technological advance coefficient is high, the reversibility of the reforms is costly, the duration of the second reform is long, the probability of an outcome lower than expected is considerable or the reforms are not too complementary.
Keywords: Radio-electric spectrum; Efficiency; Externalities; Technological change. (search for similar items in EconPapers)
JEL-codes: O33 D61 D62 (search for similar items in EconPapers)
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