Innovation, Technology, and Spectrum Policy, Mini-Conference, Nov. 14, 2006, Pierre de Vries, University of Southern California.
Summary, Not either/or choice between L and UL: need to decide best for this specific case. UL is best for white space junk bands. Mixed L/UL is a necessary regulatory hedge, and in fact synergistic. Not either/or: Don’t face an abstract universal choice of what’s better in all cases, EAFUS/tradablelicensed. (“L”) or Commons/unlicensed (“UL”): Hazlett’s “marginal allocation challenge” – given x MHz, what do you do? Not aware of underlying economic theory that treats L and UL in the same way, and which affords mechanism for choice.