Optimal Control of Broadcasting Spectrum

Amnon Levy and Benoit Freyens ()
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Benoit Freyens: University of Wollongong, http://business.uow.edu.au/econ/who/UOW073577.html

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: A socially desirable number of royalties-paying users of state-owned broadcasting spectrum is derived within an optimal control framework that allows free entry and exit. The analysis takes into account the trade-off between the benefits from higher variety and royalties’ revenues and the costs of the intensified interferences associated with entry. It also considers the opposing effects of broadcasts on aggregate income: information dissemination versus diversion of productive time. The steady-state of the broadcasting industry is derived for the case where these effects offset one another and for the case where the positive information-dissemination effect is dominant.

Keywords: Economics; Optimal Control; Spectrum; Variety; Interferences; Royalties (search for similar items in EconPapers)
JEL-codes: C61 C62 D61 K23 L52 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2010
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