ECE Graduate Seminar Lecture
Science / Technology - Lecture/Discussion - WPI Only
Thursday, April 18, 2013
11:00 AM-11:50 AM
Contract Trading and Pricing in Secondary Spectrum Markets
Department of Electrical, Computer & Systems Engineering,
Rensselaer Polytechnic Institute (RPI)
Wireless network operators typically obtain long-term licenses from regulatory authorities such as the Federal Communications Commission (FCC) to offer services such as cellular voice and data service. Due to increasing demand of the wireless spectrum, the need for a secondary spectrum market to dynamically redistribute the unused bandwidth is being increasingly recognized by both economists and engineers. In this talk, we will describe our approach and recent results in trading and pricing of service contracts in secondary spectrum markets. We will first present models that formalize the notions of 'primary' and 'secondary' contracts/users in the context of wireless spectrum markets. We will further use this model to pose and study the contract trading question from both the buyer and seller provider's perspectives. In the second part of the talk, we will discuss how spectrum contracts should be priced based on risk-neutrality measures. In this context, we will propose a model for short-term licensing in the spot spectrum market , and use that to calculate the prices for a variety of derivative contracts of the wireless spectrum. Tradeoff results obtained through numerical studies on realistic wireless traffic patterns will also be discussed.
Koushik Kar is currently an Associate Professor in the Electrical, Computer & Systems Engineering department at Rensselaer Polytechnic Institute, Troy, NY. He received his B.Tech. degree in Electrical Engineering in 1997 from the Indian Institute of Technology, Kanpur, and his M.S. and Ph.D. degrees in Electrical & Computer Engineering from the University of Maryland, College Park, in 1999 and 2002, respectively. His recent research work is primarily focused on wireless and sensor networks, and includes issues like scheduling and access control, energy management, and spectrum allocation and trading in such networks. Dr. Kar received the Career Award from the National Science Foundation in 2005, and is currently an Associate Editor of the IEEE/ACM Transactions on Networking.
Host: Professor Alex Wyglinski
Suggested Audiences: High School
Last Modified: April 1, 2013 at 1:39 PM