This study of cable rate regulation finds that unregulated monopoly may be superior to regulate monopoly, even in the presence of legal entry barriers. By comparing how rates, quality and volume changed during the periods of deregulation and reregulation in the cable industry, the authors show that cable rate regulation deals with a real problem, monopoly power in local cable markets, but has typically proven perverse in effect. The major challenge in regulating cable rates is that for whatever price level is set, cable operators may respond in countless ways - shifting their offerings, their investments, the price they demand for unregulated programming, and their marketing strategies in subtle ways. Hazlett and Spitzer argue that the net impact of regulation has been negative - increasing transaction costs and encouraging rent-seeking behaviour - so that rate regulation is ineffectual as a consumer protection policy in cable television markets. "Public Policy Towards Cable Television" is the first part of a two-volume analysis of cable rates. The second volume, "Regulation and the First Amendment", will emphasize legal analysis.
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Book Description
Editorial Reviews
About the Author
Thomas W. Hazlett is Associate Professor, Department of Agricultural Economics and Director, Program on Telecommunications Policy, University of California at Davis. Matthew L. Spitzer is William T. Dalessi Professor of Law at The University of Southern California and Professor of Law and Social Science at The California Institute of Technology.
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Most Helpful Customer Reviews
0 of 1 people found the following review helpful:
5.0 out of 5 stars
Terrific information about the cable cartel.,
By A Customer
This review is from: Public Policy toward Cable Television: The Economics of Rate Controls (Hardcover)
Dr. Hazlett explicates the dilemmas of free enterprise and government regulation, as they apply to the evil cable mafias, in this witty book. If you get cable tv, you should read this.
2 of 5 people found the following review helpful:
5.0 out of 5 stars
Terrific information about the cable cartel.,
By THaysLit@aol.com (In a section of New York suburbs controlled by the Cablevision Family) - See all my reviews
This review is from: Public Policy toward Cable Television: The Economics of Rate Controls (Hardcover)
Dr. Hazlett explicates the dilemmas of free enterprise and government regulation, as they apply to the evil cable mafias, in this witty book. If you get cable tv, you should read this.
Share your thoughts with other customers: Create your own review
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
THE EFFECTIVENESS of price regulation in constraining market power has been a subject of inquiry by economists for over three decades. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
cable subscribership, cable rate regulation, cable reregulation, rate rollbacks, limited basic service, cable program services, regulated package, cable television rates, basic cable networks, basic cable rates, rate deregulation, deregulation period, cable programming services, cable deregulation, unregulated services, basic cable package, cable prices, basic cable service, cash flow margin, revenue per subscriber, basic subscribers, cable programmers, duopolistic competition, deregulated systems, franchising authorities Key Phrases - Capitalized Phrases (CAPs): (learn more)
Cable Act, Paul Kagan Associates, National Cable Television Association, Vincente Pasdeloup, Federal Communications Commission, Bell Atlantic, Reed Hundt, Marketing New Media, Time Warner, First Amendment, United States, General Accounting Office, Cable Services Bureau, Federal Trade Commission, New York Times, Paul Farhi, Alan Breznick, Bureau of Labor Statistics, Wall Street, Los Angeles, History Channel, Mark Robichaux, Antitrust Division, Bill Carter, Consumer Federation of America New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
THE EFFECTIVENESS of price regulation in constraining market power has been a subject of inquiry by economists for over three decades. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
cable subscribership, cable rate regulation, cable reregulation, rate rollbacks, limited basic service, cable program services, regulated package, cable television rates, basic cable networks, basic cable rates, rate deregulation, deregulation period, cable programming services, cable deregulation, unregulated services, basic cable package, cable prices, basic cable service, cash flow margin, revenue per subscriber, basic subscribers, cable programmers, duopolistic competition, deregulated systems, franchising authorities Key Phrases - Capitalized Phrases (CAPs): (learn more)
Cable Act, Paul Kagan Associates, National Cable Television Association, Vincente Pasdeloup, Federal Communications Commission, Bell Atlantic, Reed Hundt, Marketing New Media, Time Warner, First Amendment, United States, General Accounting Office, Cable Services Bureau, Federal Trade Commission, New York Times, Paul Farhi, Alan Breznick, Bureau of Labor Statistics, Wall Street, Los Angeles, History Channel, Mark Robichaux, Antitrust Division, Bill Carter, Consumer Federation of America New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 19
books:
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8
books
cite this book:
See all 8 books citing this book
- Regulating Broadcast Programming (AEI Studies in Telecommunications Deregulation) by Thomas G. Krattenmaker in Front Matter, page 189, and Back Matter
- Toward Competition in Cable Television (AEI Studies in Telecommunications Deregulation) by William J. Baumol in Front Matter, page 29, and Back Matter
- The Economics of Regulation: Principles and Institutions by Alfred E. Kahn on page 43, and Back Matter
- Video Economics by Bruce Owen on page 8, and Back Matter
- The Economics of Welfare (Classics in Economics.) by Arthur Cecil Pigou on page 41, and Back Matter
See all 19 books this book cites
- Cutthroat: High Stakes & Killer Moves on the Electronic Frontier by Stephen Keating in Back Matter
- Reviving Regulatory Reform by Robert W. Hahn in Back Matter
- The Role of Competition and Regulation in Today's Cable TV Market by Thomas Duesterberg in Back Matter
- International Trade in Telecommunications (Aei Studies in Telecommunications Deregulation) by Ronald A. Cass in Front Matter
- Switching Channels: Organization and Change in TV Broadcasting by Richard E. Caves in Back Matter
See all 8 books citing this book
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