> The issue is that spectrum auctions are probably the least efficient and equitable way of distributing allocations available. There isn't a standard unit conversion between utility in dollars and bandwidth in Hz. There are individuals with enough money that they could buy their own national spectrum allocations just for their personal use alone.
That's actually fairly efficient.
Pure bureaucratic allocation is much, much less efficient than auctions.
I agree that the auctions as implemented in practice can be improved. Eg you don't need to auction off all the spectrum nationwide. And you don't need to have so many restrictions on what people can do with the bands they won bids on. Eg we can let some hardware consortium bid on space to be used for wifi, even if it was previously allocated to TV.
That's actually fairly efficient.
Pure bureaucratic allocation is much, much less efficient than auctions.
I agree that the auctions as implemented in practice can be improved. Eg you don't need to auction off all the spectrum nationwide. And you don't need to have so many restrictions on what people can do with the bands they won bids on. Eg we can let some hardware consortium bid on space to be used for wifi, even if it was previously allocated to TV.