Auction Design for the Wireless Spectrum Market


Book Description

This Brief introduces the wireless spectrum market and discusses the current research for spectrum auctions. It covers the unique properties of spectrum auction, such as interference relationship, reusability, divisibility, composite effect and marginal effect, while also proposing how to build economic incentives into the network architecture and protocols in order to optimize the efficiency of wireless systems. Three scenarios for designing new auctions are demonstrated. First, a truthful double auction scheme for spectrum trading considering both the heterogeneous propagation properties of channels and spatial reuse is proposed. In the second scenario, a framework is designed to enable spectrum group secondary users with a limited budget. Finally, a flexible auction is created enabling operators to purchase the right amounts of spectrum at the right prices according to their users’ dynamic demands. Both concise and comprehensive, Auction Design for the Wireless Spectrum Market is suited for professionals and researchers working with wireless communications and networks. It is also a useful tool for advanced-level students interested in spectrum and networking issues.




Game Theory in Wireless and Communication Networks


Book Description

This unified 2001 treatment of game theory focuses on finding state-of-the-art solutions to issues surrounding the next generation of wireless and communications networks. The key results and tools of game theory are covered, as are various real-world technologies and a wide range of techniques for modeling, design and analysis.




Discovering Prices


Book Description

Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.




Handbook of Spectrum Auction Design


Book Description

An international team of experts covers the pros and cons of different auction formats and lessons learned in the field.




Putting Auction Theory to Work


Book Description

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.




The Economics of Mobile Telecommunications


Book Description

The mobile telecommunications industry is one of the most rapidly growing sectors around the world. This book offers a comprehensive economic analysis of the main determinants of growth in the industry. Harald Gruber demonstrates the importance of competitive entry and the setting of technological standards, both of which play a central role in their contribution to the fast diffusion of technology. Detailed country studies provide empirical evidence for the development of the main themes: the diffusion of mobile telecommunications services, the pricing policies in network industries, the role of entry barriers such as radio spectrum and spectrum allocation procedures. This research-based survey will appeal to a wide range of applied industrial economists within universities, government and the industry itself.




The Political Spectrum


Book Description

From the former chief economist of the FCC, a remarkable history of the U.S. government’s regulation of the airwaves Popular legend has it that before the Federal Radio Commission was established in 1927, the radio spectrum was in chaos, with broadcasting stations blasting powerful signals to drown out rivals. In this fascinating and entertaining history, Thomas Winslow Hazlett, a distinguished scholar in law and economics, debunks the idea that the U.S. government stepped in to impose necessary order. Instead, regulators blocked competition at the behest of incumbent interests and, for nearly a century, have suppressed innovation while quashing out-of-the-mainstream viewpoints. Hazlett details how spectrum officials produced a “vast wasteland” that they publicly criticized but privately protected. The story twists and turns, as farsighted visionaries—and the march of science—rise to challenge the old regime. Over decades, reforms to liberate the radio spectrum have generated explosive progress, ushering in the “smartphone revolution,” ubiquitous social media, and the amazing wireless world now emerging. Still, the author argues, the battle is not even half won.




Auction Based Resource Provisioning in Cloud Computing


Book Description

The book, while introducing readers to the auction mechanism for resource provisioning in cloud computing, also endeavors to provide structured literature on the subject. Since various models have been proposed, it will help readers to formulate the cloud resource provisioning problem using the auction approach. The book also discusses challenges for resource provisioning in detail, helping to shape future research. The target audience for this book includes computer scientists, economists, industry professionals, research scholars, and postgraduate students. Computer science readers of this book will come to see that economics-based method are quite helpful in computer science, especially for resource provisioning. Readers with a cloud computing background will come to recognize the importance of dynamic pricing, the specific benefits of auctions, and how to formulate auctions for cloud computing. Lastly, readers from the economics community will come to understand their role in cloud computing, as well as where and how they can contribute.




Wireless Algorithms, Systems, and Applications


Book Description

The three-volume set constitutes the proceedings of the 16th International Conference on Wireless Algorithms, Systems, and Applications, WASA 2021, which was held during June 25-27, 2021, in Nanjing, China.The 103 full and 57 short papers presented in these proceedings were carefully reviewed and selected from 315 submissions. Part III of the set includes the papers of the contributors that took part in the workshops co-located with the conference.The following topics are covered in the volume: network protocols, signal processing, wireless telecommunication systems, routing algorithms, cryptography, local area networks, and others.




Spectrum Sharing


Book Description

Combines the latest trends in spectrum sharing, both from a research and a standards/regulation/experimental standpoint Written by noted professionals from academia, industry, and research labs, this unique book provides a comprehensive treatment of the principles and architectures for spectrum sharing in order to help with the existing and future spectrum crunch issues. It presents readers with the most current standardization trends, including CEPT / CEE, eLSA, CBRS, MulteFire, LTE-Unlicensed (LTE-U), LTE WLAN integration with Internet Protocol security tunnel (LWIP), and LTE/Wi-Fi aggregation (LWA), and offers substantial trials and experimental results, as well as system-level performance evaluation results. The book also includes a chapter focusing on spectrum policy reinforcement and another on the economics of spectrum sharing. Beginning with the historic form of cognitive radio, Spectrum Sharing: The Next Frontier in Wireless Networks continues with current standardized forms of spectrum sharing, and reviews all of the technical ingredients that may arise in spectrum sharing approaches. It also looks at policy and implementation aspects and ponders the future of the field. White spaces and data base-assisted spectrum sharing are discussed, as well as the licensed shared access approach and cooperative communication techniques. The book also covers reciprocity-based beam forming techniques for spectrum sharing in MIMO networks; resource allocation for shared spectrum networks; large scale wireless spectrum monitoring; and much more. Contains all the latest standardization trends, such as CEPT / ECC, eLSA, CBRS, MulteFire, LTE-Unlicensed (LTE-U), LTE WLAN integration with Internet Protocol security tunnel (LWIP) and LTE/Wi-Fi aggregation (LWA) Presents a number of emerging technologies for future spectrum sharing (collaborative sensing, cooperative communication, reciprocity-based beamforming, etc.), as well as novel spectrum sharing paradigms (e.g. in full duplex and radar systems) Includes substantial trials and experimental results, as well as system-level performance evaluation results Contains a dedicated chapter on spectrum policy reinforcement and one on the economics of spectrum sharing Edited by experts in the field, and featuring contributions by respected professionals in the field world wide Spectrum Sharing: The Next Frontier in Wireless Networks is highly recommended for graduate students and researchers working in the areas of wireless communications and signal processing engineering. It would also benefit radio communications engineers and practitioners.