Plurality in the Broadcasting Sector: An Agency Cost Analysis of the Regulation in Japan
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Souichirou Kozuka
There is largely a consensus that the policy goal of the broadcasting law is to maintain plurality. However, the approach to achieve this goal has been the subject of controversies in many countries, especially since the United States adopted the market-oriented approach. On the other hand, a question about how effectively the system works to achieve the goal under the adopted approach has been largely neglected. This paper argues that this issue can be analyzed by focusing on the agency problem within broadcasting entities and analyzes the recent attempts of regulatory reforms in Japan as a case study. The analysis shows that the Japanese regulator is confusingly swaying between strengthening of the regulation and liberalizing in reliance on market discipline.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Artikel in diesem Heft
- Article
- The Transformation of Land Law in Indonesia: The Persistence of Pluralism
- Chinese Migrant Worker Representation and Institutional Change: Social or Centralist Corporatism?
- Plurality in the Broadcasting Sector: An Agency Cost Analysis of the Regulation in Japan
- Financial Regulation in Hong Kong: Time for a Change
- Secularism, the Islamic State and the Malaysian Legal Profession
- Malaysia's Electoral System: Government of the People?
- Book Review
- Review of Emergencies and the Limits of Legality
- Review of Corporate Governance in the 21st Century - Japan's Gradual Transformation
- Review of Legal Education in Asia
- Review of Corporate Governance and Financial Reform in China's Transition Economy
- Review of Japanese Family Law in Comparative Perspective
