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Economics/Finances The Economic Regulation of Broadcasting Markets: Evolving Technology and Challenges for Policy

Posted on 2010-03-16




Name:Economics/Finances The Economic Regulation of Broadcasting Markets: Evolving Technology and Challenges for Policy
ASIN/ISBN:052187405X
Language:English
File size:1.2 Mb
Publisher: Cambridge University Press
ISBN: 052187405X
Publish Date: edition 2007
File Type: PDF
Pages: 368 pages
File Size: 1,2 mb
   Economics/Finances The Economic Regulation of Broadcasting Markets: Evolving Technology and Challenges for Policy



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The Economic Regulation of Broadcasting Markets: Evolving Technology and Challenges for Policy

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.

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