] Should radio spectrum be treated as property, or as a
] common resource?
]
] WHAT is the best analogy for radio spectrum? Is it, as
] most people intuitively believe, a palpable resource like
] land, best allocated through property rights that can be
] bought and sold? Or is it, thanks to technological
] progress, more like the sea, so vast that it doesn't need
] to be parcelled out (at least for shipping traffic), in
] which case general rules on how boats should behave are
] enough to ensure that it is used efficiently.

Spectrum regulation, via Lessig's blog..

Economist.com | Freeing the airwaves