This paper investigates the determinants of carriers’ wireless spectrum holdings in counties across the United States. Through the use of a Heckman selection model, our equations exhibit results observable at the highest significance level. Size, carrier-owned towers and population counts/density were found to be primary determinants of spectrum ownership levels. Results yield significant implications for firms as spectrum position becomes increasingly crucial to success within the wireless industry.
"The Colorado College Investment Club was established in December of 2003 and was entrusted with the management of the Investment Club’s own portfolio. This portfolio was funded through the generosity of private investors...The Investment Club is a student run organization that educates members about the financial markets, investing, and portfolio management."--p. 3