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Entry regulation in telecommunication industry : Lessons from 3G licensing in Korea

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Frame of Image ate the negative side effects of the two licensing schemes. For this end, it is necessary to insert the auction scheme into the beauty contest system by treating it as one of the examination items. This makes it possible to control the influence of the auction by allotting scores to the item. Of course, we can expect the similar effects by establishing the boundaries for bidding. This mechanism can ensure the bidders against the winner’s curse problem by using those tricks. Besides this mechanism, the level of the license fee can be properly measured by an evaluation method based on the rate-of-return regulation. In fact, in the real licensing scheme the gap between the boundaries was established at a narrow interval, between 1.0 and 1.3 trillion won (US$ 0.90 and 1.17 billion), compared with this evaluation method where the gap amounts to nearly 2 trillion won.
1. Introduction
Entry into the telecommunication market is directly regulated through the licensing methods of auctions or administrative processes, also called the beauty contest.1) The two most popular licensing methods were adopted by
May / June┃2007┃Vol 12┃No 3
13
almost all the governments over the world in the granting the licenses for third-generation (3G) mobile services.2) The licensing of the 3G mobile services raises many issues because spectrum for those services is a scarce and valuable resource and the governments had to select one of the two licensing methods. It is said that the auction model is more e


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Title Entry regulation in telecommunication industry
Similar Titles
Sub Title

Lessons from 3G licensing in Korea

Material Type Reports
Author(English)

Lee, Sang-Kyu

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 3)
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < IT
Holding KIET; KDI School

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