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Towards Dynamic Markets in Electric Power, Water, and Wireless Spectrum

Hosted by the Silicon Flatirons Center for Law, Technology, and Entrepreneurship and the Getches-Wilkinson Center for Natural Resources, Energy, and the Environment. Over the past several decades, policymakers have continued to experiment with approaches for liberalizing markets in areas previously subject to strict command and control regulation. Three domains where market structures are just beginning to take hold are in the areas of electricity, water, and wireless spectrum. In each domain, policymakers have grappled with the specific nature of the relevant commodity and developed different approaches to the challenge of enabling the market to provide more dynamic access to it. In all cases, the opportunities for greater efficiencies on account of more dynamic access has fueled the effort by reformers to come up with new approaches to market design. In this conference, we will bring together experts in the different domains to look at the development in markets in the electric power, water, and wireless spectrum arenas. In so doing, we will evaluate comparisons between the economics of each to evaluate the particular challenges in each domain and to investigate better practices going forward. The main questions to be explored include: How do you design a market? What are the consistencies that the secondary users have to respect (think interference characteristics in spectrum and return flows in water)? What forces drove and are driving the development of each of these markets?

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CLE Credits
General: 0
Ethics: 0