Government,has changed its position of gaining revenues from auctions and is now proposing an auction process. The New Zealand auction is one that theoretically is the most cost effective and reflects the true market value of the property. At the current time, several countries, New Zealand being one, have begun the process of auctioning. There is no history in the United States of selling the spectrum in any process. The assignments have for the most part been done on the basis of petition, lottery, or comparative hearings. Government has a long history, through the FCC and through the Commerce department of assigning and managing spectrum for the purpose of assigning it to operators of telecommunications services. to achieve the overall policy goal while obtaining fair and equitable rents from the providers of service. The paper concludes with several alternative suggestions that allow the U.S. industrial competitiveness,in this industry can be destroyed for a generation if the Government,establishes an inequitable "tax" on the entrepreneurs and risk takers. The results of this analysis are twofold first, that the LECs have,an insurmountabl e barrier to entry and resulting bottleneck with their monopolistic rents in that they can bid irrational rates to maintain the rents second, U.S. The paper reviews the basic economic models, develops one for the specific case of electromagnet ic spectrum, and demonstrates how this applies to Personal Communications Services. This paper considers methods,such as auctions and amortized bid fees that place a clear economic value on the property. Such processes as lotteries and comparative,hearings have been used in the past. Abstract Various proposals have been put forth on the issue of allocations spectrum.
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