Toward an Evolutionary Regime for Spectrum Governance by William J. Baumol
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Toward an Evolutionary Regime for Spectrum Governance
By William J. Baumol

Toward an Evolutionary Regime for Spectrum Governance

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Toward an Evolutionary Regime for Spectrum Governance by William J. Baumol

Book Description

The federal government's approach to regulating the spectrum remains largely administrative, causing major inefficiency and waste. Ironically, just as the FCC has begun to use market mechanisms, some people are pushing to treat spectrum as a common resource open to all entrants. Commons proponents maintain that with new, interference-avoiding technology, licensing is becoming unnecessary and impractical. In this brief study, noted economist William J. Baumol evaluates two options for spectrum governance ua tradable license (market) approach and a commons approach. He compares the practicality of each in terms of six key issues: interference, adequacy of investment in innovation, monopoly power, preservation of diversity, service to rural areas, and the tension between vested interests and the need for adaptable arrangements. Baumol demonstrates that, while neither approach is ideal, a commons regime has severe shortcomings. Above all, he emphasizes the importance of impermanence in the granting of licenses to preserve the flexibility to adapt to unforeseen technological and other developments.

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Book Details

ISBN: 9780815708490
ISBN-10: 0815708491
Format: Paperback
(229mm x 152mm x 9mm)
Pages: 85
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Oct-2005
Country of Publication: United States

Books By Author William J. Baumol

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The exploding cost of health care in the United States is a source of widespread alarm. Similarly, the upward spiral of college tuition fees is cause for serious concern. In this book, the author explores the causes of these seemingly intractable problems and offers a surprisingly simple explanation.

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Whether hailed as heroes or cast as threats to social order, entrepreneurs - and their innovations - have had an enormous influence on the growth and prosperity of nations. This title gathers together economic historians to explore the entrepreneur's role in society from antiquity to the present.

Microtheory of Innovative Entrepreneurship by William J. Baumol Microtheory of Innovative Entrepreneurship, Hardback (July 2010)

Entrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare. This title provides the framework for introducing entrepreneurship into mainstream microtheory and incorporating the activities of entrepreneurs, inventors, and managers into standard models of the firm.

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity by William J. Baumol Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity, Paperback (November 2009)

Identifies the conditions that characterise Good Capitalism: the right blend of entrepreneurial and established firms, which can vary among countries; as well as the features of Bad Capitalism. This book examines how countries catching up to the United States can move faster toward the economic frontier.

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Author Biography - William J. Baumol

William J. Baumol is a professor of economics at New York University and professor emeritus and senior research economist at Princeton University, USA. He is a former president of the American Economic Association. Dorothy Robyn is U.S. Deputy Under Secretary of Defense for Installations and Environment. Previously, she was a principal with The Brattle Group. She was a special assistant to the president for economic policy in the Clinton administration and previously taught at Harvard University's Kennedy School of Government, USA.

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