There is general agreement that traditional mechanisms for managing radio frequency (RF) spectrum are inefficient and in need of significant reform. Many, if not most, of the economists who have considered the issue appear to concur with the view that increased reliance on market forces would enhance efficiency, and support assigning spectrum via transferable, flexible licenses, especially when spectrum is perceived to be scarce. The FCC’s Spectrum Policy Task Force (SPTF) has endorsed this perspective, advocating only limited use of… more