Template-type: ReDIF-Paper 1.0  
Author-Name: José Marino García-García
Author-Email: jmg2277@columbia.edu
Author-Workplace-Name: Complutense Institute for International Studies (UCM) and Ministry of Energy, Tourism and the Digital Agenda.
Author-Name: Aurelia Valiño Castro
Author-Email: avalinoc@ccee.ucm.es
Author-Workplace-Name: Complutense University of Madrid.
Author-Name: Antonio Jesús Sánchez Fuentes
Author-Email: antoniojesus.sanchez@ccee.ucm.es
Author-Workplace-Name: Complutense Institute for International Studies (UCM) and GEN(Governance and Economics research Network).

Title: Path and speed of spectrum management reform under uncertain costs and benefits
Abstract: The unsolved question in spectrum management is no longer if a reform is necessary to enable higher market participation but the optimal path and 
	speed of reform. We offer an expression to determine when to choose a gradual or big bang reform depending on current and expected technology and an 
	expression to determine whether to wait or not for new technology. Gradual is better if the technological advance coefficient is high, the 
	reversibility of the reforms is costly, the duration of the second reform is long, the probability of an outcome lower than expected is considerable or 
	the reforms are not too complementary.
Classification-JEL:
 O33, D61, D62.
Keywords:
 Radio-electric spectrum; Efficiency; Externalities; Technological change.
Creation-Date: 2018
Length: 33 pages
Number: 1802
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/wpaper18-02.txt
File-URL: https://eprints.ucm.es/id/eprint/47558/1/WP02-18.pdf
File-Format: Application/pdf
File-Function: Full text
Handle: RePEc:ucm:wpaper:1802