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Conference Paper
Economic Models for Spectrum Resource Management in Real Market Based Environment
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- Authors
- Young Seog Yoon, Young Wook Ha, Byung Sun Cho
- Issue Date
- 2006-06
- Citation
- Biennial Conference of the International Telecommunications Society (ITS) 2006, pp.1-11
- Language
- English
- Type
- Conference Paper
- Abstract
- As the horizon of wireless service is enlarging, the importance of spectrum is increasing. Thus, the spectrum became to be recognized as a resource for a wide variety of businesses. However, spectrum cannot come into a corporation's possession because it is basically belongs to a nation. Instead, a nation allows a corporation to have spectrum usage light. The emergence of the secondary market for spectrum is basically caused by an increase of the value of spectrum and the possibility of illegal collusion among contractors in spectrum bid market. Until now, the spectrum usage right has been given with limited current period of time such as 7 years, 15 years. However, this period will not optimize the value of spectrum because of possibility of emergence of effective new technology and uncertainty of market. Here, new technology related to spectrum sharing is expected to overcome limited spectrum resource. For example, CR (Cognitive Radio) technology might make spectrum resource be used more efficiently because CR allows new service carrier to use existing spectrum, which was already allocated to the other one. In order to address complex spectrum resource management issues, we have proposed an economy framework for spectrum resource lease and for regulating provider and consumer objective functions through trading and brokering services. In a real world market, there exist various economic models for setting the price of services based on supply-and-demand and their value to users. They include commodity market, posted price, bargain, and auction models. In this paper we discus the use of commodity and posted price models for interaction among government, supplier, consumer, and the other possible market players. In addition, we discuss benefits of adoption of these market-based economy models to spectrum trading.
- KSP Keywords
- Auction models, Commodity market, Economic Model, Market-based, New technologies, Real-world, Secondary market, Spectrum Trading, Spectrum resource management, cognitive radio(CR), current period