Auction-driven Market Mechanisms for Dynamic Spectrum Management

for dynamic spectrum management There is nowadays unanimous agreement that spectrum should be allocated in a dynamic fashion so as to match the stochastic supply and demand by responding to spatiotemporal variations of spectrum availability and request. The imminent liberalization of the spectrum markets is expected to provide more control mech-anisms for spectrum exploitation in that respect. Wireless network entities will be able to trade, resell, lease or contribute their resources to a common spectrum pool. In these emerging dynamic spectrum markets there will be many involved entities with diverse and conflicting objectives and hence their success relies on employing proper market-clearing mechanisms. However, designing economics-inspired spectrum management schemes for the dynamic spectrum markets is a challenging task since the objective of the designer is twofold: ensure the socially desirable efficient spectrum utilization and allow interacting entities to accrue monetary or other benefits from participating in these markets