Ronald Coase and Spectrum Liberalization
Over at MRUniversity , Alex Tabarrok has a short video lecture on Ronald Coase and Spectrum Liberalization. Highly recommended, this twelve-minute talk gives a nice introduction to how the electromagnetic spectrum operates, and how government rules for its use have evolved over time. Coase, who passed away Monday, did more than anyone to help make it clear that the rules for spectrum use could be like those for most other resources — based on property rights that…
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