On the Spectrum Market Value as Production Factor for Smart Technologies

The basic and required production factor for wireless communication technologies is the radio spectrum. Using the radio spectrum for different technologies, industries or services is regulated/managed by ITU at international level and by national authorities at national or state level. The paper deals with the valuation of radio spectrum as the scarce resource for the information society as well as for spectrum market pricing. Each smart wireless solution also intelligent transport systems and technologies needs the spectrum but it is necessary to know his value or price. They determine the costs of solution as well as the accessibility of technologies. Several procedures and models are used to estimate the value of radio spectrum. They vary in a different rate depending on the complexity of information including the time dimension which is required in processing. At the same time their application is determined by the subject that estimates the value, i.e. national regulatory authority or operator. The regulatory authority and operators have the different information about technology, market, cost etc. e.g. information asymmetry is significant in this area. The results obtained on the ground of the application of benchmarking and results of analysis of 281 auctions in selected EU countries are presented in submitted contribution.