The economic regulation of broadcasting markets : evolving technology and the challenges for policy

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Bibliographic Information

The economic regulation of broadcasting markets : evolving technology and the challenges for policy

edited by Paul Seabright and Jürgen von Hagen

Cambridge University Press, 2007

  • : hardback
  • : pbk

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Includes bibliographical references and index

Description and Table of Contents

Description

New technology is revolutionizing broadcasting markets. As the cost of bandwidth processing and delivery fall, information-intensive services that once bore little economic relationship to each other are now increasingly related as substitutes or complements. Television, newspapers, telecoms and the internet compete ever more fiercely for audience attention. At the same time, digital encoding makes it possible to charge prices for content that had previously been broadcast for free. This is creating new markets where none existed before. How should public policy respond? Will competition lead to better services, higher quality and more consumer choice - or to a proliferation of low-quality channels? Will it lead to dominance of the market by a few powerful media conglomerates? Using the insights of modern microeconomics, this book provides a state-of-the-art analysis of these and other issues by investigating the power of regulation to shape and control broadcasting markets.

Table of Contents

  • Part I. Introduction: 1. The future of broadcasting regulation Jurgen von Hagen and Paul Seabright
  • 2. Technological and regulatory developments in broadcasting: an overview Colin Rowat
  • Part II. Questions of Principle in Broadcasting Regulation: 3. Competition and market power in broadcasting: where are the rents? Paul Seabright and Helen Weeds
  • 4. Public service broadcasting and digitalisation Mark Armstrong and Helen Weeds
  • 5. Regulation for pluralism in broadcasting markets Michele Polo
  • 6. Regulation of advertising in broadcasting Simon Anderson
  • 7. Market definition in media markets: policy implications of indirect network externalities Elena Argentesi and Marc Ivaldi
  • Part III. Institutional Approaches in Various Jurisdictions: 8. Policy-making and policy trade-offs: competition, diversity, and localism and the Federal Communications Commission Peter Alexander and Keith Brown
  • 9. The European Union Pierre Bugues and Valerie Rabassa
  • 10. Competition versus sector-specific regulation in various European countries Einar Hope
  • Index.

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