Re: Wrong?
 

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Regulation is absolutely key to telecommunications. You are not going to have multiple companies owning there (sic) own physical infrastructure and thus you have a very complex regulatory environment setting up rules to structure the ways in which companies share the infrastructure.

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Very wrong. The infrastructure is separated from the service, and the infrastructure is capable of delivering multiple competing services -- this is the current (unregulated not deregulated) model. This is the model that is gaining share. Haven't you noticed yet how quaint and useless the copper pairs coming into your home are? If you haven't, you will.

Re: Supply and/or Demand?
 

Gas and hotels are simply different sectors. I never said that supply was inelastic in the short term for every product.

Re: Wrong?
 

[ QUOTE ]
Very wrong. The infrastructure is separated from the service, and the infrastructure is capable of delivering multiple competing services -- this is the current (unregulated not deregulated) model.

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Right, and wrong. Someone owns that infrastructure, and sometimes that company provides services too. What keeps them from blocking competing service providers from using the infrastructure? What ensures that when companies share the infrastructure, some don't get a raw deal that damages the quality of their product?

Re: Supply and/or Demand?
 

The same rules apply. Did you ever try to get a hotel room in New Orleans during Mardi Gras? Or tickets to the Super Bowl? It's absolutely amazing that as the price you are willing to pay goes up -- they suddenly become available.

Re: Wrong?
 

[ QUOTE ]
What keeps them from blocking competing service providers from using the infrastructure? What ensures that when companies share the infrastructure, some don't get a raw deal that damages the quality of their product?


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The fact that they are not a monopoly sponsored by the "regulators" is what prevents this. I'll just go to a competing service. Are you familiar with NAPs and peering agreements? These were all done without regulation. With regulation you get monopolies and lack of competition.

Did you know that Internet providers all share their multiple and redundant networks free of charge?

Re: Supply and/or Demand?
 

[ QUOTE ]
The same rules apply. Did you ever try to get a hotel room in New Orleans during Mardi Gras? Or tickets to the Super Bowl? It's absolutely amazing that as the price you are willing to pay goes up -- they suddenly become available.

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Supply is not increasing. It's not like somebody is printing more tickets or building a new hotel.

Re: Supply and/or Demand?
 

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Don't try to shift the debate just because you're losing it. Sowell argued...

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I never said that unmolested markets would magically make new hotel rooms appear. Don't project a loser position onto me just so you can claim victory. I only asserted that pricecaps are detrimental.


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So what? You're getting fairer allocation.

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What does that mean? What is fair in the market system is totally subjective. Again, don't just try to shift the debate because you're losing it.

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It means that the rooms are being rented out at the price that the market decides is fair. Period.

Re: Wrong?
 

[ QUOTE ]
The fact that they are not a monopoly sponsored by the "regulators" is what prevents this. I'll just go to a competing service. Are you familiar with NAPs and peering agreements? These were all done without regulation. With regulation you get monopolies and lack of competition.

Did you know that Internet providers all share their multiple and redundant networks free of charge?

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As far as I understand it, peering agreements are set up between ISPs to physically connect networks and share traffic. But ISPs do not all have their own unique infrastructure on the user end. They in turn must pay for the right to send that data to you over the phone line or whatever other access infrastructure. And that is where you get one instance of regulation to ensure true competition.

Re: Supply and/or Demand?
 

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Don't project a loser position onto me just so you can claim victory. I only asserted that pricecaps are detrimental.

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The original argument was never about whether pricecaps were detrimental in general. If that's your point, fine, but it was never contested.

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It means that the rooms are being rented out at the price that the market decides is fair. Period.

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Ok, as I noted beforehand, that's just a subjective opinion what's "fair" in a market economy. It has nothing to do with efficiency, which is what the debate has been about.

Re: Supply and/or Demand?
 

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Supply is not increasing. It's not like somebody is printing more tickets or building a new hotel.

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And this is what pvn meant when he said "You're getting fairer allocation".

People who value the money more than the hotel room, get the money -- People who value the hotel room more than the money, get the room. And all without interference.