Article
Mobile Spectrum Renewals – The Case For Regulatory Pre-Commitment
Mobile spectrum licence renewal presents regulators with a critical policy choice: should renewal fees reflect full market value, or can below-market pricing serve as an investment instrument? This white paper models how pre-committed renewal fee structures affect operator investment decisions and social welfare, revealing that optimal fees may strategically deviate from market rates when private returns fall short of social benefits. The analysis further explores how success-dependent fee extraction create
NERA


