Economic Analysis of Spectrum Pricing in the light of auction results in the first ten years

The very high prices achieved by spectrum when auctions were first introduced was an aberration. It is unlikely such high prices will be seen again in the future.
Auction conditions are a major determining factor in the prices achieved. Where a government has sought to set conditions to favour new entrants in order to stimulate competition, the prices have been lower than where existing operators have not had limits imposed.