NetSE: Medium: Collaborative Research: Promoting Secondary Spectrum Markets via Profitability-Driven Methods and Algorithms

无线通信正在进行重大的政策改革，以追求更好的频谱效率。这些改革的一个关键要素是向频谱牌照持有人授予完全的产权，从而为二级频谱市场铺平道路。频谱市场通过以较低的成本向更大比例的公众提供频谱，在提高频谱利用率方面具有显著的潜力。然而，尽管在过去几年中有利的监管框架已经生效，但由于频谱许可证持有人感知到的不确定性，频谱市场的流动性受到抑制。这些不确定性源于电磁干扰效应与经济考虑之间的复杂关系。本研究通过建立方法和算法，对频谱市场的可行性进行建设性研究，使这些市场对其参与者有利可图。本文对频谱市场的盈利能力进行了分析研究，并进行了实证验证。该研究计划的主要目标是：(i)频谱有效和经济可行使用的定价和干扰外部性的基本要素；（ii）用于现货市场使用的算法和基于实时测量的定价政策；（iii）测试需求模型规格的经验技术，以及通过实验研究形成的需求-价格关系模型。这项研究是跨学科的，它是基于在无线通信和频谱市场的特定背景下识别经济学中新颖和经典概念的体现。该研究将影响未来无线产业的法律和经济政策，并为评估二次频谱市场的潜力提供工具。

Wireless telecommunications are undergoing substantial policy reforms in pursuit of better spectral efficiency. A key element in these reforms entails granting full property rights to spectrum license holders, thereby paving the way to secondary spectrum markets. Spectrum markets hold a remarkable potential to increase spectrum utilization by making it available to a larger fraction of public at lower cost. Yet, although a favorable regulatory framework has been in effect in the last few years, liquidity of spectrum markets is inhibited due to uncertainties perceived by spectrum license holders. These uncertainties stem from complex relationships between effects of electromagnetic interference and economic considerations. This research involves a constructive study of viability of spectrum markets by establishing methods and algorithms that render such markets profitable for their participants.The investigators focus on analytical study of profitability of spectrum markets, and its empirical verification. Main thrusts of the research program are: (i) fundamental elements of pricing and interference externalities for efficient and economically viable use of spectrum; (ii) algorithms for spot market use and real-time measurement-based pricing policies; (iii) empirical techniques for testing demand model specification, and formative models of demand-price relationships via experimental studies. This research is interdisciplinary and it is based on identifying incarnations of both novel and classical notions in economics in the specific context of wireless communications and spectrum markets.The research impacts legal and economic policies for the future wireless industry and provides a tool for assessing potentials of the secondary spectrum market.