Abstract

A market-based management system based on economic value is being actively considered as a policy alternative for the efficient use of radio spectrum. However, there exist insufficient cases for evaluating the economic value of radio spectrum in Korea. To address these policy demands, this study proposes alternatives to evaluate the economic value of radio spectrum. The auction, profit approach, benchmark approach, opportunity-cost approach, and production function approach can be considered as alternatives. Moreover, the applications of radio spectrum evaluation may vary depending on competitive demand, the number of services provided, cases of past-usage charges, and the existence of least-cost alternatives. The results of this study are therefore expected to be used as basic data for the establishment of related policies by contributing to objectification and systematization of the economic evaluation of radio spectrum.

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