I’m quoted in John Markoff’s New York Times article today about the 700 MHz spectrum auctions. The column grew out of a spectrum policy discussion I led a workshop last week, which John also attended.
My quote compresses a longer point I made, which hopefully comes through. It’s that the direct transactional price of acquiring a spectrum license may not accurately reflect the economic and social value of certain spectrum uses. This was a key point of my Supercommons law review article. The 2.4 GHz spectrum where WiFi operates was considered worthless “junk” spectrum due to interference, but opened for unlicensed use, it is the foundation for massive investment and economic activity.