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In the News |
| Recap of the IFREE-sponsored Seventeenth Graduate Student Workshop in Experimental Economics at ESI, January 8-12, 2012. |
| Overview of the Winter/Spring 2012 Speakers - IFREE-Sponsored Lecture Series at ESI |
| The IFREE Small Grants Proposal: Read about the research projects awarded funding in October 2011. |
| IFREE Sponsored UAA Incoming Student Experimental Economics Workshop, August 25-26 2011. |
| Peter DeScioli and Bart Wilson acknowledge IFREE funding for paper about property published in Evolution and Human Behavior. |
| Pictures of the IFREE-Sponsored Summer Scholars Program, June 27th to August 6th 2011. |
| Pictures of the Vernon L. Smith IFREE-sponsored High School Workshops in Experimental Economics, July 25-29 and August 1-5 2011. |
| Recap of IFREE Sponsored "Economics in the Metaverse" High School Workshop at GMU, July 25th-29th 2011. |
| Breakthrough in the Second Phase of IFREE Supported Research on Combinatorial Auction. |
| Read Past News |
In 2002, IFREE-founder Dr. Vernon Smith was awarded the Nobel Prize in Economics for "having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."
IFREE-Sponsored Lecture Series at ESI
Mark M. Bykowsky, Ph.D.
Nov. 11th, 2011
A Market-based Approach to Establishing Licensing Rules: Licensed Versus Unlicensed Use of Spectrum Federal Communications Commission
Bio:
Dr. Mark Bykowsky is Senior Economist at the Federal Communications Commission, where he has initiated the use of experimental economics as a tool for addressing public policy questions. His current work includes examining whether market mechanisms can be employed to efficiently designate spectrum between licensed and unlicensed use and, further, whether they can lead to the efficient set of service rules that apply to a license or an unlicensed device. His research also includes examining the welfare effects of regulations meant to preserve a neutral Internet. Dr. Bykowsky is a three-time winner of the Federal Communications Commission’s “Excellence in Economic Analysis Award.”
Abstract:
The FCC uses an administrative process for identifying the most desirable set of licensing rules for spectrum. Spectrum designated to unlicensed use is made freely available for uses which comply with appropriate technical standards. Spectrum allocated to licensed use is generally awarded to private parties through an auction mechanism. The allocation between licensed and unlicensed use, however, is based on the FCC’s judgment, which in turn relies on information provided by interested parties who seek to use the spectrum. One method of reducing the incentive that parties have to exaggerate the value they place on a given regime involves creating a market for such rules. We examine the feasibility of using a “clock auction” to determine, based on the bids submitted by market participants for the corresponding licensing rules, the efficient allocation of a given amount of spectrum between licensed and unlicensed spectrum use. Analysis indicates that market forces, in the form of a clock auction, can be used to determine the efficient assignment of license rules to spectrum.
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