Real-Time Secondary Markets for Spectrum

Jon Peha &
Spectrum licensing enables quality of service guarantees, but often leads to inefficient use of spectrum. Unlicensed spectrum promotes efficiency through sharing, but quality of service cannot be guaranteed, which is a serious problem for some applications. Such applications may be better served by a real-time secondary market, where secondary users ask the license-holder for temporary access to spectrum as needed. Access is granted when and only when quality of service requirements can be met for...
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