> if you don't meet buildout deadlines and cover x% of pops within a specific time period, you forfeit the license
The issue you have to surmount is this reduces the value of the licenses in the short run. Which means less cash for the seller (the public) now versus a recurring productive asset.
The useless response is to decry hyperbolic discounting. A productive response would think through how to design the auction such that the public would prefer to have the productive, recurring stream of revenue versus some shiny thing today.
> The issue you have to surmount is this reduces the value of the licenses in the short run. Which means less cash for the seller (the public) now versus a recurring productive asset.
Well, that assumes the public isn't really benefiting from the products and services that can actually take advantage of that spectrum. Making less in license fees is probably a good trade-off if your phone is faster or you get interesting and affordable satellite services.
The issue you have to surmount is this reduces the value of the licenses in the short run. Which means less cash for the seller (the public) now versus a recurring productive asset.
The useless response is to decry hyperbolic discounting. A productive response would think through how to design the auction such that the public would prefer to have the productive, recurring stream of revenue versus some shiny thing today.