The viability of spectrum trading markets

Research output: Chapter in Book/Report/Conference proceedingConference contribution

13 Citations (Scopus)

Abstract

Spectrum trading markets are of growing interest to many spectrum management agencies. They are motivated by their desire to increase the use of market based mechanisms for spectrum management and reduce their emphasis on command and control methods. Despite the liberalization of regulations on spectrum trading in some countries, spectrum markets have not yet emerged as a key spectrum assignment component. The lack of liquidity in these markets is sometimes cited as a primary factor in this outcome. This work focuses on determining the conditions for viability of spectrum trading markets by considering scenarios with different market structures, number of trading participants and amount of tradable spectrum. We make use of Agent-Based Computational Economics (ACE) to analyze each market scenario and the behaviors of its participants. Our models indicate that spectrum markets can be viable in a service if sufficient numbers of market participants exist and the amount of tradable spectrum is balanced to the demand. We use the results of this analysis and the characteristics of the viable markets found to make recommendations for the design of spectrum trading markets. Further work will explore more complicated scenarios.

Original languageEnglish (US)
Title of host publication2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010
DOIs
StatePublished - 2010
Event2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010 - Singapore, Singapore
Duration: Apr 6 2010Apr 9 2010

Other

Other2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010
CountrySingapore
CitySingapore
Period4/6/104/9/10

Fingerprint

Economics

Keywords

  • Agent-based computational economics
  • Dynamic spectrum assignment
  • Secondary spectrum markets
  • Spectrum trading

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Electrical and Electronic Engineering

Cite this

Caicedo Bastidas, C. E., & Weiss, M. B. H. (2010). The viability of spectrum trading markets. In 2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010 [5457846] https://doi.org/10.1109/DYSPAN.2010.5457846

The viability of spectrum trading markets. / Caicedo Bastidas, Carlos Enrique; Weiss, Martin B H.

2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010. 2010. 5457846.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Caicedo Bastidas, CE & Weiss, MBH 2010, The viability of spectrum trading markets. in 2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010., 5457846, 2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010, Singapore, Singapore, 4/6/10. https://doi.org/10.1109/DYSPAN.2010.5457846
Caicedo Bastidas CE, Weiss MBH. The viability of spectrum trading markets. In 2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010. 2010. 5457846 https://doi.org/10.1109/DYSPAN.2010.5457846
Caicedo Bastidas, Carlos Enrique ; Weiss, Martin B H. / The viability of spectrum trading markets. 2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010. 2010.
@inproceedings{433c2ee563d84eb0947a7c8bfe6512c7,
title = "The viability of spectrum trading markets",
abstract = "Spectrum trading markets are of growing interest to many spectrum management agencies. They are motivated by their desire to increase the use of market based mechanisms for spectrum management and reduce their emphasis on command and control methods. Despite the liberalization of regulations on spectrum trading in some countries, spectrum markets have not yet emerged as a key spectrum assignment component. The lack of liquidity in these markets is sometimes cited as a primary factor in this outcome. This work focuses on determining the conditions for viability of spectrum trading markets by considering scenarios with different market structures, number of trading participants and amount of tradable spectrum. We make use of Agent-Based Computational Economics (ACE) to analyze each market scenario and the behaviors of its participants. Our models indicate that spectrum markets can be viable in a service if sufficient numbers of market participants exist and the amount of tradable spectrum is balanced to the demand. We use the results of this analysis and the characteristics of the viable markets found to make recommendations for the design of spectrum trading markets. Further work will explore more complicated scenarios.",
keywords = "Agent-based computational economics, Dynamic spectrum assignment, Secondary spectrum markets, Spectrum trading",
author = "{Caicedo Bastidas}, {Carlos Enrique} and Weiss, {Martin B H}",
year = "2010",
doi = "10.1109/DYSPAN.2010.5457846",
language = "English (US)",
isbn = "9781424451883",
booktitle = "2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010",

}

TY - GEN

T1 - The viability of spectrum trading markets

AU - Caicedo Bastidas, Carlos Enrique

AU - Weiss, Martin B H

PY - 2010

Y1 - 2010

N2 - Spectrum trading markets are of growing interest to many spectrum management agencies. They are motivated by their desire to increase the use of market based mechanisms for spectrum management and reduce their emphasis on command and control methods. Despite the liberalization of regulations on spectrum trading in some countries, spectrum markets have not yet emerged as a key spectrum assignment component. The lack of liquidity in these markets is sometimes cited as a primary factor in this outcome. This work focuses on determining the conditions for viability of spectrum trading markets by considering scenarios with different market structures, number of trading participants and amount of tradable spectrum. We make use of Agent-Based Computational Economics (ACE) to analyze each market scenario and the behaviors of its participants. Our models indicate that spectrum markets can be viable in a service if sufficient numbers of market participants exist and the amount of tradable spectrum is balanced to the demand. We use the results of this analysis and the characteristics of the viable markets found to make recommendations for the design of spectrum trading markets. Further work will explore more complicated scenarios.

AB - Spectrum trading markets are of growing interest to many spectrum management agencies. They are motivated by their desire to increase the use of market based mechanisms for spectrum management and reduce their emphasis on command and control methods. Despite the liberalization of regulations on spectrum trading in some countries, spectrum markets have not yet emerged as a key spectrum assignment component. The lack of liquidity in these markets is sometimes cited as a primary factor in this outcome. This work focuses on determining the conditions for viability of spectrum trading markets by considering scenarios with different market structures, number of trading participants and amount of tradable spectrum. We make use of Agent-Based Computational Economics (ACE) to analyze each market scenario and the behaviors of its participants. Our models indicate that spectrum markets can be viable in a service if sufficient numbers of market participants exist and the amount of tradable spectrum is balanced to the demand. We use the results of this analysis and the characteristics of the viable markets found to make recommendations for the design of spectrum trading markets. Further work will explore more complicated scenarios.

KW - Agent-based computational economics

KW - Dynamic spectrum assignment

KW - Secondary spectrum markets

KW - Spectrum trading

UR - http://www.scopus.com/inward/record.url?scp=77953202171&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=77953202171&partnerID=8YFLogxK

U2 - 10.1109/DYSPAN.2010.5457846

DO - 10.1109/DYSPAN.2010.5457846

M3 - Conference contribution

AN - SCOPUS:77953202171

SN - 9781424451883

BT - 2010 IEEE Symposium on New Frontiers in Dynamic Spectrum, DySPAN 2010

ER -