Toward Property Rights in Spectrum: The Important and Difficult Policy Choices Ahead
نویسندگان
چکیده
Imagine a world where government regulation of gasoline, justified by scarcity of supply, allowed 20% of the gasoline in the U.S. to be used for farming; 20% for manufacturing; 20% for home use; 20% for government; and another 20% held in reserve for future potential government uses. In this world, prices would regulate the use of gasoline within each sector, but consumers would pay vastly different prices for, say, farming and residential use.
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