There is widespread concern in the telecommunications industry that public policy may be impeding the continued development of the Internet into a high-speed communications network. In the absence of ubiquitous, high-speed ¡°broadband¡± Internet connections for residential and small-business...

We focus on the relative economic benefits of licensed versus unlicensed access to the white space, in the belief that spectrum allocation is, ultimately, an economic policy choice. We ignore the technical question of whether an unlicensed approach would create harmful interference, on the...