Focusing on the effects of policy on investment and innovation this paper examines whether the conceptual foundations of sector regulation are aligned with the current technological and economic conditions of advanced communications. One conclusion is that the prevailing theories and practices...

The paper explores the role of coordination mechanisms with an emphasis on next generation digital innovations, many of them related to the Internet of Things (IoT) and 5G wireless services. Much of the discussion on the conditions that support Internet-based innovation focused on modular...

The Federal Communication Commission’s Order on Protecting and Promoting the Open Internet (GN Docket No. 14-28), adopted on February 26, 2015, mentions innovation more than 100 times. The Order is based on the premise that Internet openness is a precondition for a virtuous cycle in which edge...

This paper investigates the effects of acquisitions by “big techs” on venture capital (VC) funding for start-up companies. Because of the strong association between VC investment and innovation, this approach also sheds light on the repercussions of big tech start-up acquisitions on...

Unease about the growing market power of digital platforms has unleashed a broad discussion on remedial policy measures. One concern is that the high level of concentration in platform markets is impeding digital innovation. A somewhat more narrowly construed assertion is that the dominance of...

This chapter builds on traditional and heterodox theories to develop an integrative, information-economic approach to innovation. It focuses on digital innovation, which raises unique challenges for economic theory. Innovation is conceptualized as a combinatorial process in which existing...