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They might end up with their best use, but the public (well ok, government...) would not be compensated for the full value of the public good, right? e.g. If y
by xyzzy123 8y ago
They might end up with their best use, but the public (well ok, government...) would not be compensated for the full value of the public good, right?
e.g. If you initially sell for $1 to BobTelco then BobTelco (and any future “owners”) eventually capture the real value of that spectrum.
- whatshisface 8y agoIt's a pattern repeated across just about every market system: the reward for finding out about a mispricing is equal to the magnitude of the error.
- godzillabrennus 8y agoThe public can participate in the upside if they buy shares in the public companies that operate their businesss on the spectrum.
- bildung 8y agoBut that isn't democratic anymore. Whereas one person equals one vote in the case of the public receiving the profits, participation in the stock market means more profit the more you wealth you already have (for buying shares).
- rayiner 8y agoYes the point is to ensure that resources sre allocated efficiently, not use the resource as a revenue generation tool for the government.