Toward an Evolutionary Regime for Spectrum Governance

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In this brief study, noted economist William J. Baumol evaluates two options for spectrum governance-a 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.