Group of 37 economists told FCC it shouldn’t directly create seco...

Group of 37 economists told FCC it shouldn’t directly create secondary markets for spectrum but should put in place more flexible rules that would enable such markets to emerge. In response to notice of proposed rulemaking on how FCC could pave way for secondary market for wireless spectrum, economists said wireless licensees should be subject to restrictions only on out- of-band emissions and anticompetitive concentration. “With few exceptions, spectrum continues to be offered to the market only as allocated and no price can be offered to reallocate it from the officially designated use,” group wrote. Group included Thomas Hazlett of American Enterprise Institute, Stanford U. Prof. Roger Noll, former member of White House Council of Economic Advisers, and Martin Baily of Institute for International Economics. Filing encouraged FCC to free up spectrum rules “much farther than the modest measures proposed in the notice.”