Radio spectrum is a scarce resource; understanding its economic value is one piece of information needed to manage it efficiently. Estimating the value of radio spectrum, however, creates significant challenges not found in valuing some other assets. Spectrum is somewhat of a special case; market...

The following analysis contends that the FCC's creation of Guard Band Managers is an important step forward in introducing more market-based forces to radio spectrum management. Guard Band Managers perform the function of a frequency coordinator--they parcel out "odd shaped", business specific...