Trading strategies in radio spectrum management

Radio resource management (RRM) is one of the most challenging and one of the most important aspects in the provisioning of quality of service (QoS) for wireless communication systems. With the ever increasing size of wireless mobile community and its demand for high-speed multimedia communications, efficient resource management becomes a paramount importance due to limited resources available such as spectrum and power availability. As radio spectrum is a finite resource, new approaches are therefore needed to maximize the existing spectrum to ensure the wireless userspsila and network providerspsila QoS requirements are met. In this paper we propose a novel radio spectrum trading via derivatives contracts as a means to address short-term demands for spectrum whilst ensuring end-to-end QoS is met.