The Question of Spectrum: Technology, Management, and Regime Change

  title={The Question of Spectrum: Technology, Management, and Regime Change},
  author={Gerald R. Faulhaber},
There is general agreement that the traditional command-and-control regulation of radio spectrum by the FCC (and NTIA) has failed. There is no general agreement on which regime should succeed it. Property rights advocates take Ronald Coase’s advice that spectrum licenses should be sold off and traded in secondary markets, like any other assets. Commons advocates argue that new technologies cannot be accommodated by a licensing regime (either traditional or property rights) and that a commons… CONTINUE READING
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