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Identifying the Winner's Curse in the First Spectrum Auction in the Republic of Korea Using an Event Study Approach

  • Lee, Hyeongjik;Seol, Seongho;Kweon, Soocheon
    • ETRI Journal
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    • v.35 no.6
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    • pp.1126-1133
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    • 2013
  • The first spectrum auction in the Republic of Korea is attention-worthy owing to the fierce competition for the only 1.8-GHz spectrum license, the winning bidder of which was suspected of overpaying for its acquisition. This study empirically investigates the existence of a "winner's curse" in the first Korean spectrum auction by using a standard event study methodology. The results show that both the winner and loser experienced significant positive returns on the completion day of the auction. The results imply that there was no winner's curse in the auction and that the losing firm might increase its competitive advantage by acquiring other spectrum licenses despite failing to achieve its initial target spectrum. Therefore, these results suggest that regulators may need to consider bringing about positive short-term wealth benefits to all bidders by appropriately designing a spectrum auction, such as by performing multiband auctions.

Point-to-Point Communication of Cognitive Radios via Underlay Spectrum Sharing (언더레이 주파수 공유를 이용한 인지무선 통신장치의 점대점 통신방법)

  • Lee, Hye-Won;Han, Kwang-Hun;Hwang, Young-Woo;Choi, Sung-Hyun
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.34 no.9A
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    • pp.697-703
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    • 2009
  • Cognitive radios are typically known to exploit vacant spectrum resources in order not to interfere with primary communication systems. However, cognitive radios may not be able to secure a clear spectrum band in a bustling spectrum band. Underlay spectrum sharing provides a way to cope with such a spectrum sharing problem. Cognitive radios share the same spectrum band with the spectrum licensees, i.e., primary users, by adjusting signal transmission power so as not to severely deteriorate the performance of the primary users. We propose an underlay spectrum sharing policy leveraging uplink spectrum resource to be used in a cellular network. A pair of end terminals attempts to establish a direct point-to-point link, and perform as cognitive radios in the sense that they share the uplink radio resource of other primary users. We formulate the transmit power constraints of the cognitive radios and propose a practical uplink band sharing framework. Our simulation results demonstrate that such an uplink sharing underlay direct link can enhance the throughput performance of point-to-point link with low overhead.

A study on the use of continuous spectrum in problem solving in a dynamic geometry environment (동적 기하 환경의 문제 해결 과정에서 연속 스펙트럼 활용에 대한 소고)

  • Heo, Nam Gu
    • The Mathematical Education
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    • v.60 no.4
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    • pp.543-554
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    • 2021
  • The dynamic geometric environment plays a positive role in solving students' geometric problems. Students can infer invariance in change through dragging, and help solve geometric problems through the analysis method. In this study, the continuous spectrum of the dynamic geometric environment can be used to solve problems of students. The continuous spectrum can be used in the 'Understand the problem' of Polya(1957)'s problem solving stage. Visually representation using continuous spectrum allows students to immediately understand the problem. The continuous spectrum can be used in the 'Devise a plan' stage. Students can define a function and explore changes visually in function values in a continuous range through continuous spectrum. Students can guess the solution of the optimization problem based on the results of their visual exploration, guess common properties through exploration activities on solutions optimized in dynamic geometries, and establish problem solving strategies based on this hypothesis. The continuous spectrum can be used in the 'Review/Extend' stage. Students can check whether their solution is equal to the solution in question through a continuous spectrum. Through this, students can look back on their thinking process. In addition, the continuous spectrum can help students guess and justify the generalized nature of a given problem. Continuous spectrum are likely to help students problem solving, so it is necessary to apply and analysis of educational effects using continuous spectrum in students' geometric learning.

Evaluation of Response Spectrum Shape Effect on Seismic Fragility of NPP Component (스펙트럼 형상이 원전 기기 지진취약도에 미치는 영향 평가)

  • 최인길;서정문;전영선;이종림
    • Journal of the Earthquake Engineering Society of Korea
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    • v.7 no.4
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    • pp.23-30
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    • 2003
  • The result of recent seismic hazard analysis indicates that the ground motion response spectra for Korean nuclear power plant site have relatively large frequency acceleration contents. In the ordinary seismic fragility analysis of nuclear power plant structures and equipments, the safety margin of design ground response spectrum is directly used as a response spectrum shape factor. The effects of input response spectrum shape on the floor response spectrum were investigated by performing the direct generation of floor response spectrum from the ground response spectrum. The safety margin included in the design ground response spectrum should be considered as a floor response spectrum shape factor for the seismic fragility analysis of the equipments located in a building.

Validity of Ocean Wave Spectrum Using Rayleigh Probability Density Function

  • Choi, Young Myung;Yang, Young Jun;Kwon, Sun Hong
    • International Journal of Ocean System Engineering
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    • v.2 no.4
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    • pp.250-258
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    • 2012
  • The distribution of wave heights is assumed to be a Rayleigh distribution, based on the assumption of a narrow band and Gaussian distribution of wave elevation. The present study was started with doubts about the narrow band assumption. We selected the wave spectra widely used to simulate irregular random waves. The wave spectra used in this study included the Pierson-Moskowitz spectrum, Bretschneider-Mitsuyasu spectrum, and JONSWAP spectrum. The directionality of the waves was considered. The cosine 2-l type directional spreading function and mixed form of the half-cosine 2-s type with Mitsuyasu type directional spreading are considered here to investigate the effects of a directional spreading function on random waves. The simulated wave height distribution is compared with a Rayleigh distribution.

Entropy-based Spectrum Sensing for Cognitive Radio Networks in the Presence of an Unauthorized Signal

  • So, Jaewoo
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.9 no.1
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    • pp.20-33
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    • 2015
  • Spectrum sensing is a key component of cognitive radio. The prediction of the primary user status in a low signal-to-noise ratio is an important factor in spectrum sensing. However, because of noise uncertainty, secondary users have difficulty distinguishing between the primary signal and an unauthorized signal when an unauthorized user exists in a cognitive radio network. To resolve the sensitivity to the noise uncertainty problem, we propose an entropy-based spectrum sensing scheme to detect the primary signal accurately in the presence of an unauthorized signal. The proposed spectrum sensing uses the conditional entropy between the primary signal and the unauthorized signal. The ability to detect the primary signal is thus robust against noise uncertainty, which leads to superior sensing performance in a low signal-to-noise ratio. Simulation results show that the proposed spectrum sensing scheme outperforms the conventional entropy-based spectrum sensing schemes in terms of the primary user detection probability.

Performance Analysis of Amplify and Forward (AF)-based Cooperative Spectrum Sensing in Cognitive Radio Networks

  • Khan, Muhammad Sajjad;Koo, Insoo
    • Journal of information and communication convergence engineering
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    • v.11 no.4
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    • pp.223-228
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    • 2013
  • Cognitive radio has been recently considered a promising technology to improve spectrum utilization by enabling secondary access to licensed bands that are not used by primary users temporarily or spatially. A prerequisite to this secondary access is the lack of interference to the primary system. This requirement makes spectrum sensing a key process for cognitive radio. In this study, we consider amplify and forward (AF)-based cooperative spectrum sensing for cognitive radio networks where multiple relay nodes are utilized to amplify and forward the primary user signal for better spectrum sensing, and maximum ratio combining is used for fusion detection by a cognitive coordinator. Further, the detection probability and the bit error rate of AF-based cooperative spectrum sensing are analyzed in fading multiple cognitive relay channels. The simulation results show that the AF-based cooperative spectrum sensing scheme outperforms the conventional scheme.

Measurement of Spectrum Quantification Using Spectrum Use Factor (스펙트럼 사용계수를 이용한 스펙트럼 정량화 측정)

  • Shin Yong-Seop;Hong Ic-Pyo;Kim Young-Soo;Park Han-Kyu
    • The Journal of Korean Institute of Electromagnetic Engineering and Science
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    • v.17 no.1 s.104
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    • pp.81-88
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    • 2006
  • In this paper, spectrum use factor as the ratio between used spectrum bandwidth by the existing system and total spectrum resources at specific locations was derived and calculated. Spectrum use factor was also presented as a function of antenna patterns and transmitter power of existing systems. Real spectrum use factor was calculated for fixed radio station as a validity of this paper. With the results of this paper, we can use the spectrum more efficiently because the white space of spectrum space is replaced by the quantificated spectrum space.

실물옵션기법을 적용한 주파수관리정책에 관한 연구 - 휴대인터넷 관련 2.3GHz 대역을 중심으로 -

  • Lee, Jeong-Dong;Kim, Min-Jeong;Jeong, Jong-Uk
    • Proceedings of the Technology Innovation Conference
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    • 2004.02a
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    • pp.108-131
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    • 2004
  • Having the characteristics of public goods, Radio Spectrum had been controlled by Government Authorities. In the past, technological side of spectrum, such as cross protection, was the main concern, but as the telecommunication industry is developing gradually, economic side of spectrum is becoming an important part. To uplift the Economic efficiency of spectrum management policy, clarifying the basic value of spectrum is one of the most important things. Also, both government authorities and spectrum licensees will have to choose license or investment under uncertainties such as license timing, time to market, technology standard, and so on. Considering all things, this paper gives the value to the spectrum by real options theory, which is a powerful method concerning uncertainty, especially for government, And we applied it to a specific spectrum band for the portable Internet in Korea. These results can provide information about the technological standard, optimal market-entry time as well as the value of spectrum for the portable Internet.

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Bidding, Pricing, and User Subscription Dynamics in Asymmetric-Valued Korean LTE Spectrum Auction: A Hierarchical Dynamic Game Approach

  • Jung, Sang Yeob;Kim, Seong-Lyun
    • Journal of Communications and Networks
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    • v.18 no.4
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    • pp.658-669
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    • 2016
  • The tremendous increase in mobile data traffic coupled with fierce competition in wireless industry brings about spectrum scarcity and bandwidth fragmentation. This inevitably results in asymmetric-valued long term evolution (LTE) spectrum allocation that stems from different timing for twice improvement in capacity between competing operators, given spectrum allocations today. This motivates us to study the economic effects of asymmetric-valued LTE spectrum allocation. In this paper, we formulate the interactions between operators and users as a hierarchical dynamic game framework, where two spiteful operators simultaneously make spectrum acquisition decisions in the upper-level first-price sealed-bid auction game, and dynamic pricing decisions in the lower-level differential game, taking into account user subscription dynamics. Using backward induction, we derive the equilibrium of the entire game under mild conditions. Through analytical and numerical results, we verify our studies by comparing the latest result of LTE spectrum auction in South Korea, which serves as the benchmark of asymmetric-valued LTE spectrum auction designs.