In this article, we provide a focused economic analysis of the welfare effect of state and local regulation on communications services and, in particular, on the wireless segment of the telecommunications industry. We find that when local regulation in one jurisdiction has sufficiently large...

We analyse the effects of 'network neutrality' proposals that seek to foreclose or severely limit market transactions. Our model reveals that rules that prohibit efficient commercial transactions between content and broadband service providers could be bad for all participants -- consumers would...

We analyse the effects of 'network neutrality' proposals that seek to foreclose or severely limit market transactions. Our model reveals that rules that prohibit efficient commercial transactions between content and broadband service providers could be bad for all participants – consumers...

In this Paper, we assess the performance and efficiency of OECD countries with respect to broadband Internet subscription. Using the econometric technique of Stochastic Frontier Analysis, we estimate scores indicating the efficiency with which a country converts its economic and demographic...

The Bell Operating Companies (quot;BOCsquot;) argue that Total Element Long Run Incremental Cost (TELRIC) prices set by State public service commissions have no nexus to the BOCs' actual forward-looking costs but are, instead, based on retail prices with the goal of ensuring that competitors...

In this paper, we offer a hybrid approach to merger simulation in which we allow rather extensive pre-testing to suggest the quot;correctquot;, or most desirable, form for the underlying demand curves. Our application is the merger between the large mobile telephone companies Cingular and...

I study duopolistic market for differentiated medical products. Medical providers decide whether to sell on the spot market to sick consumers or to sell through competitive insurance market to healthy consumers. While shopping for insurance consumers know only the distribution of possible...

The direct medical costs associated with obesity, smoking, and other non-healthy habits are estimated to account for more than 20% of U.S. health spending. Hence, poor health choices induce significant aggregate shift in spending away from treating competing?non preventable?medical risks and...

This paper shows how heterogeneity in patent ownership across generations and lifecycle saving considerations qualitatively change the conventional implications of patent policy for quality growth. We study a close Overlapping Generations economy that grows through sequential quality...