E-Auctioning by The U. S. Federal Communications Commission

Abstract

Market economies rest on a foundation of the private ownership of resources. Certain resources, however, have been managed outside of the market mechanism, even in the United States’ decidedly pro-free-market economy. The management of radio frequencies, or spectrum, is a prime example of government control of a valuable resource. Spectrum management is practiced by governments around the globe, and the experience of the U.S. Federal Communications Commission (FCC) provides a valuable illustration of how management of this resource may be improved through the use of electronic resources.