To Polly Cleveland and Pat Gunning:  
  
I was referring to the claim that spectrum rents owe their existence to the  
artificially created scarcity of licenses. That is, rents might have been  
zero if it hadn't been for the limitation of entry. The claim is made, for  
instance, by B. Owen, J. Beebe and W. Manning in _Television Economics_  
(1976). I was interested in any comments on such a pesumably extreme  
position. As it seems, most critics admit that spectrum _is_ scarce, and  
rents are necessarily generated.  
  
Although, according to Mark Blaug, it is spectrum rent which is perhaps the  
perfect Georgist rent for us today, it is not my intention to divert  
attention from the discussion of LVT. However, any replies offlist are  
welcome.  
  
Yuri Tulupenko