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Comment A Coasian Solution (Score 1) 712

This is what economists call a Coasian Solution to a problem of externalities. Coase's Theorem states that if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.

Submission + - Australia's Failed Government-Owned Broadband (techpolicydaily.com) 1

TheSync writes: Sold as AUS$43 billion gigabit fiber to the home (FTTH) solution, Australia's National Broadband Network (NBN) project is now the project is now years behind schedule and $30 billion over budget. The NBN has only 78,000 fiber subscribers, with a price of $93,000 per subscriber. Also most of those subscribers chose 25Mbps/5Mbps service rather than 100Mbps/40 Mbps speeds. It is unclear if NBN will be killed or changed into a fiber-to-the-node (FTTN) system.

Comment Re:What is the goal of the SAT? (Score 1) 134

Oh, and before you say "that's why college is stupid" it's also a good indicator of job success. No matter what your job, you're going to have to do things you don't want to.

You would think we could come up with a test cheaper than a $100K+ college education to determine if people are willing to do things they don't want to - perhaps it would be like that reality show "Fear Factor"...

Comment What is the goal of the SAT? (Score 3, Insightful) 134

I thought the goal of the SAT was to predict performance in college, not to gauge "important academic skills".

I suspect actual college performance is best predicted by having the students drink, do drugs, and have sex all night - then have a high-stakes test at 6AM in the morning! (You score some for just making it out of bed BTW)

Comment Re:AM/FM (Score 1) 105

AM broadcast spectrum is about 1 MHz, or about 3.5 Mbps using typical digital modulations. AM antennas need to be very long to be very efficient, so realistic mobile devices may only get 1 Mbps or less. Also AM propagates easily, so it will be tough to have small cells with reasonably powered transmitters.

FM is about 20 MHz, or about 70 Mbps theoretically. They also have a long wavelength, but not anywhere as bad as AM, but worse than TV channels 7-13.

Comment Re:Might be a shrewd maneuver... (Score 1) 520

That's how they destroyed their competition and established a monopoly - predatory pricing.

Yes, they destroyed their competition by dramatically and permanently reducing prices to the consumer. Standard Oil revolutionized the technology of kerosene production and made their supply chain highly efficient. This made a lot of their competitors mad, which is why they got such bad press. But it made lighting incredibly cheap for consumers.

The problem is that there has never been an example of "predatory pricing" where the prices to the consumers go back up to the consumer. It is a nice idea, but practically it never happens.

Comment Re:Might be a shrewd maneuver... (Score 1) 520

Lest Comcast become the 21st century version of Standard Oil.

I hope so, because in 1865, kerosene cost fifty-eight cents a gallon; by 1880 it was just 9 cents a gallon.

But somehow I doubt that Comcast TWC NBCU will be able to reduce cable prices as much as Standard Oil reduced kerosene prices. After all, Standard Oil did not depend on local government monopoly franchises to achieve their monopoly, but instead only depended on the market.

[Read Vindicating Capitalism: The Real History of the Standard Oil Company]

Comment Re:Robber Barons (Score 1) 520

Any boat traveling the river had to pay or face the cannons of the castle.

Only the Holy Roman Emperor could authorise the collection of tolls along the Rhine - which is just like local governments granting monopoly cable franchises.

[Technically only those requiring tolls outside the authority of the Holy Roman Emperor were known as robber barons (German: Raubritter).]

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