If we define “good” as “better than nothing” then I think we have something to talk about. For example, I think the FCC does a pretty decent job of fairly allocating radio bandwidth and even protecting important “rights” to broadcast and receive radio traffic. The only country in the world that does not do this is North Korea.
If we define “good” as “better than nothing” then I think we have something to talk about. For example, I think the FCC does a pretty decent job of fairly allocating radio bandwidth and even protecting important “rights” to broadcast and receive radio traffic. The only country in the world that does not do this is North Korea.
Interestingly Coase came up with his eponymous theorem after contemplating radio bandwidth rights allocations.