-
Strategies for a discontinuous future.





Consulting & advisory, research notes, in the press, about bubblegen,
next wednesdays.





Wednesday, November 26, 2003
 


Lessig on municipal ownership of businesses that work out to be natural monopolies - like fiber networks. Does this make sense?

Well - remember that, as Warren Buffett has argued, local newspapers and radio stations can be natural monopolies as well - because of weak network effects (like advertising economies). Should this rule apply to them too? Judging by the quality of most local papers, maybe it should.

Furthermore Lessig argues "most economists would leap from the premise of a natural monopoly to the conclusion that such a monopoly must be regulated". This isn't necessarily true - for instance, there are economic solutions to natural monopolies, like access pricing. They just never work.

-- umair // 11:36 PM //


Comments:
Post a Comment
search




Public

Recent & upcoming sessions:

Supernova 2007 (video)

NMKForum



new




input

due diligence
ventureblog
a vc
techblurbs
tj's weblog
venture chronicles
terranova
the big picture
gigaom
venchar
bill burnham
babak nivi
n-c thoughts
paidcontent
techdirt
slashdot
london gsb
mefi
boingboing
blort
hardwax
betalounge

ing
morgan
chicago fed
dallas fed
ny fed
imf
world bank
nouriel roubini

portfolio
contact

mail.
uhaque (dot) mba2003 (at) london (dot) edu

skype.
umair.haque

atom feed

technorati profile

blog archives