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Purpose

New technologies challenge the traditional view that the radio spectrum must be tightly controlled and the new orthodoxy that a market‐based approach is the most efficient way to manage the spectrum. This article aims to make the case for collective use of the spectrum.

Design/methodology/approach

The paper draws on a range of literature, both technical and economic, as well as the authors' opinions to describe the economic context, market and other models for spectrum allocation, technological advances in signal processing, and the way forward for assessing future spectrum management policy, with particular reference to Europe.

Findings

Technical advances, from research in the commercial domain and from release of military research, combined with the increasingly important economic need to facilitate innovation in new radio technologies, demand a debate on a new approach to spectrum management policy.

Originality/value

The paper brings together the economic and technical arguments in favour of collective use of the radio spectrum and will be of value to academics, business and policy makers.

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