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A comprehensive secondary market model for virtualized wireless connectivity
Telecommunications Policy ( IF 5.9 ) Pub Date : 2020-11-01 , DOI: 10.1016/j.telpol.2020.102021
Marcela M. Gomez , Martin B.H. Weiss

Abstract Secondary markets are essential if we are to re-assign valuable resources such as radio spectrum to users and services who value them most. Despite the potential that markets have to perform this task, it is still difficult to find real-world examples of successful secondary markets for spectrum. In this work, we explore a broader context where markets would be deployed to shed light on the different components that may affect their viability. Transactions that involve electromagnetic spectrum are generally extremely difficult to achieve due to the complexity of spectrum when treated as a tradeable commodity. To ease these difficulties, we start with the proposition the that many applications require wireless connectivity rather than simply spectrum. We proceed to consider a system where transactions for wireless connectivity are handled by a specialized intermediary that we refer to as Virtual Network Builder (VNB). The model we present accounts for technical definitions of spectrum as a commodity as an effort to bring diversity, and hence thickness, to the market. At the same time, we consider a more nuanced definition of market participants (Resource Providers (RPs) and Service Providers (SPs)), which allows us to examine their incentives to transact in the market and the consequences of their strategies. As a result, we are able to evaluate the performance of a market for wireless connectivity from multiple angles including the efficiency in resource assignment, profitability for market participants and overall conditions to market viability.

中文翻译:

用于虚拟化无线连接的综合二级市场模型

摘要 如果我们要将无线电频谱等宝贵资源重新分配给最看重他们的用户和服务,二级市场至关重要。尽管市场必须执行这项任务的潜力,但仍然很难找到成功的频谱二级市场的现实例子。在这项工作中,我们探索了一个更广泛的背景,其中将部署市场以阐明可能影响其可行性的不同组成部分。涉及电磁频谱的交易在被视为可交易商品时,由于频谱的复杂性,通常极难实现。为了缓解这些困难,我们首先提出许多应用需要无线连接而不是简单的频谱这一命题。我们继续考虑一个系统,其中无线连接的事务由我们称为虚拟网络构建器 (VNB) 的专门中介处理。我们提出的模型将频谱作为一种商品的技术定义解释为努力为市场带来多样性,从而为市场带来厚度。同时,我们考虑对市场参与者(资源提供者 (RP) 和服务提供者 (SP))进行更细微的定义,这使我们能够检查他们在市场上进行交易的动机及其策略的后果。因此,我们能够从多个角度评估无线连接市场的表现,包括资源分配效率、市场参与者的盈利能力以及市场可行性的整体条件。
更新日期:2020-11-01
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