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Spectrum auctions in a thin market: The Korean case
Telecommunications Policy ( IF 5.6 ) Pub Date : 2022-05-15 , DOI: 10.1016/j.telpol.2022.102369
Yong-Jae Choi

In 2010, the Korean government adopted spectrum auctions and introduced a market mechanism into spectrum management. However, the government has often been confronted with conflicts between diverse policy goals of spectrum auctions. A thin spectrum market, where only three incumbent MNOs bid for spectrum, has led to concerns that the government may fail to maximize revenues.

Based on the past experiences in Korea, this paper examines the Korean government's choice of auction rules in the face of conflicting policy goals. This paper also recommends that the government implement the following regulatory reforms and consider the auction related measures to deepen its spectrum market or increase the number of bidders: (i) relaxation of foreign ownership restrictions, (ii) introduction of regional or site-specific spectrum licenses, and (iii) modification of auction formats. Spectrum markets tend to be thin in many countries, and the Korean experience may offer implications for those countries when they implement spectrum auctions.



中文翻译:

稀缺市场中的频谱拍卖:韩国案例

2010年,韩国政府采用频谱拍卖,将市场机制引入频谱管理。然而,政府经常面临频谱拍卖的不同政策目标之间的冲突。只有三个现有 MNO 竞标频谱的稀薄频谱市场导致人们担心政府可能无法实现收入最大化。

本文基于韩国过去的经验,考察了韩国政府在政策目标相互冲突的情况下对拍卖规则的选择。本文还建议政府实施以下监管改革,并考虑与拍卖相关的措施,以深化其频谱市场或增加投标人数量:(i) 放宽外资所有权限制,(ii) 引入区域或特定地点的频谱许可证,以及 (iii) 修改拍卖形式。许多国家的频谱市场往往很薄弱,韩国的经验可能会对这些国家实施频谱拍卖产生影响。

更新日期:2022-05-16
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