论文信息 - Impact of license fees on the prices of mobile voice service

Impact of license fees on the prices of mobile voice service

Abstract In response to rapidly growing demand for wireless services, regulatory agencies have introduced license fees to enhance the efficiency of spectrum use. The impact of such fees on the market for mobile services is poorly understood. Under certain conditions, license fees are sunk and thus inconsequential for firm decisions. Given the economic and institutional setup of the mobile markets real effects of license fees are possible. The paper reviews the conditions under which these different scenarios are likely, and develops an empirical test for the nexus between license fees and prices. Despite weak hints that license fees influence prices, in the examined GSM and PCS markets no statistically significant evidence for lasting effects could be detected.

Johannes M. Bauer

[1] William H. Melody,et al. Spectrum auctions and efficient resource allocation: learning from the 3G experiences in Europe , 2001 .

[2] H. Gruber. Spectrum Limits and Competition in Mobile Markets: The Role of Licence Fees , 2000 .

[3] John Sutton,et al. Sunk Cost and Market Structure , 1992 .

[4] Tommaso M. Valletti,et al. Are spectrum auctions ruining our grandchildren’s future? , 2000 .

[6] Charles Z. Zheng,et al. High Bids and Broke Winners , 2001, J. Econ. Theory.

[7] Johannes M. Bauer,et al. Institutional arrangements and price rebalancing: empirical evidence from the United States and Europe , 2002, Inf. Econ. Policy.

[8] Theo Offerman,et al. Does Auctioning of Entry Licenses Affect Consumer Prices?: An Experimental Study , 2000 .

[9] John McMillan,et al. Why auction the spectrum , 1995 .

[10] Gerald R. Faulhaber,et al. SPECTRUM MANAGEMENT: PROPERTY RIGHTS, MARKETS, AND THE COMMONS , 2002 .

[11] P. Klemperer. What Really Matters in Auction Design , 2001 .

[12] Eli M. Noam,et al. Spectrum Auctions: Yesterday's Heresy, Today's Orthodoxy, Tomorrow's Anachronism. Taking the Next Step to Open Spectrum Access* , 1998, The Journal of Law and Economics.

[13] Yochai Benkler,et al. Some Economics of Wireless Communications , 2002 .

[14] T. Hazlett. The Wireless Craze, the Unlimited Bandwidth Myth, the Spectrum Auction Faux Pas, and the Punchline to Ronald Coase's "Big Joke": An Essay on Airwave Allocation Policy , 2001 .