71. An Economic Theory of Censorship
- Author:
- J. Gregory Sidak
- Publication Date:
- 09-2003
- Content Type:
- Working Paper
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Legal criticism of broadcast regulation typically starts by demonstrating the paradoxically disparate treatment of print media and broadcast media under the First Amendment. In contrast, economic criticism typically starts by demonstrating that the scarcity of the electromagnetic spectrum, to the questionable extent that it exists, does not distinguish broadcasting from any other medium of communications for which the essential factors of production are privately owned and ordered. Each line of criticism is powerful. And each continues to the current day to appear again and again in court challenges to broadcast regulation. It is more useful, however, to model broadcast regulation in terms of the creation and dissipation of rent.
- Topic:
- Economics, Government, and Human Rights
- Political Geography:
- United States