Bidding for Commercial Broadcasting: An Analysis of UK Experience

Antony Dnes

Scottish Journal of Political Economy, 1993, vol. 40, issue 1, 104-15

Abstract: A model of advertiser-financed.television is applied to the 1991 auction of broadcasting licences in the United Kingdom. The 1991 procedure is shown as maintaining monopolistic behavior. A development of H. Demsetz's franchising proposal of natural monopoly is shown as allocatively superior. In the increasing-cost case, an advertising levy is essential to guard against possible welfare loss and a subsidy may also be useful. Copyright 1993 by Scottish Economic Society.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:40:y:1993:i:1:p:104-15

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0036-9292

Access Statistics for this article

Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

More articles in Scottish Journal of Political Economy from Scottish Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().