Broker Based Secondary Spectrum Trading

Radio spectrum license is multi-dimensional in nature. This suggests that matching a bid to buy and an offer to sell has to be done across the multiple dimensions to maximize spectrum usage in terms of economic efficiency. In addition, creating a functioning secondary market for trading spectrum requires an intermediary for both pooling the resources and matching the supply and demand sides of the equation. This paper proposes a multiple-dimension auctioning mechanism through a broker to facilitate an efficient secondary spectrum market. A broker for orchestrating the market is proposed describing its basic functionalities.