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> It’s even worse when countries try to maximize just one variable, because for bureaucrats and politicians that variable is usually government revenue. When t
by anthropodie 6y ago
> It’s even worse when countries try to maximize just one variable, because for bureaucrats and politicians that variable is usually government revenue.
When this happens, all other variables like environment, humanity, morality, future of mankind and the greater good goes down the drain and I am not necessarily talking about India or its telecom sector. No wonder we are making mess of our planet.
- amadeuspagel 6y agoGovernment revenue is a pretty good variable to maximize in an auction. The government can spend that money on "other variables like environment, humanity, morality, future of mankind and the greater good".
- marcosdumay 6y agoIt's a problem if it destroys an industry. Or would it be better if the government spent on industry subsides so that the revenue generation action doesn't destroy it? I don't have any good answer. Auctions work best when the market is predictable, but telecom is about the opposite of predictable. Maybe the government could detach the spectrum from the service somehow and make the spectrum revenue predictable. I don't see any alternative to an auction that is actually better around here, and don't know of any either.