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Wednesday, December 17th, 2008

Time Event
A Pet Peeve
Let me just say it really annoys me when someone who cannot understand the purpose of mathematical modeling is to predict the potential survival of a programming network for purposes of market contestability and the addition of one more channel as a matter of production tries to dismiss this rather critical economic difference as "rhetoric."

Yes, ensuring the market is contestable stimulates production. No one wastes time producing products for a market they cannot enter. But this does not guarantee the survival of the new products -- or of the existing cartel-supplied products. The whole point about making the $#@! market contestable is to produce the purported benefit of competition by allowing consumers to chose the superior good. This may, in fact, lead to a net decrease in the variety of goods if the new entrant is sufficiently superior. The central question is not therefore whether we have "enough" competition but whether competition is actually possible.

Accordingly, the FCC's calculation on what it takes for a cable channel to achieve viability is not about "adding channels." It is about enhancing competition between channels, as specifically mandated by Section 613(f).

Ignorance is excusable. Dismissing critical economic distinctions as "rhetoric" is not.

Current Mood: aggravated
Interesting On The Future of Rs in Congress
From 538.com
Structural advantages for Ds in the House.

Basically, Silver postulates that because Ds won overwhelmingly in a greater number of districts, and have achieved a greater geographic spread, that Rs face a much greater challenge to recovering a majority in the House than in regaining the White House. I will note this is certainly the historic pattern.

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