Assessing the Efficiency of the Federal Radio Commission's Regulation of Broadcasting

50 Pages Posted: 17 Oct 2017 Last revised: 4 Feb 2021

See all articles by Charles Lee Jackson

Charles Lee Jackson

JTC, LLC (Jackson Telecom Consulting)

Date Written: October 16, 2017

Abstract

The author explores the relative efficiency implications of Federal Radio Commission regulation under the Radio Act of 1927 and a system of spectrum property rights. He examines the technological efficiency achieved by FRC regulation and compares that outcome with a scenario of property rights in broadcast frequencies set forth by Ronald Coase (1959). The author concludes that spectrum property rights would have resulted in more radio service in urban areas and diminished consumer welfare.

Keywords: Coase; Radio Act; Broadcasting; Spectrum; Spectrum Markets; Property Rights

JEL Classification: L51; L96; K23

Suggested Citation

Jackson, Charles Lee, Assessing the Efficiency of the Federal Radio Commission's Regulation of Broadcasting (October 16, 2017). Available at SSRN: https://ssrn.com/abstract=3054230 or http://dx.doi.org/10.2139/ssrn.3054230

Charles Lee Jackson (Contact Author)

JTC, LLC (Jackson Telecom Consulting) ( email )

PO Box 221
Port Tobacco, MD 20677
United States

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