Spectrum auctions do not simply allocate airwaves: they also shape the markets that emerge around them. This research analyses the tools regulators attach to those auctions, such as coverage obligations, spectrum caps and licence duration, are designed to steer competition, investment and connectivity in a particular direction. This series of four research notes examines each tool in turn and the wider question of their economic impact, drawing on academic research, regulatory data and expert interviews. The evidence is often mixed, with a picture emerging of the complexity of these tools and their effects, particularly long-term.
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