The 1996 Telecommunications Act seems to be encouraging competition in key segments of the telephone and cable television industries. Stock price data suggest that the wave of "megamergers" in telecommunications-probably an unanticipated result of the Telecommunications Act-is associated with...

Proposals to increase regulation of mobile wireless services, for example, by applying “net neutrality” regulation, are often based on claims that such regulation would enhance innovation and increase consumer choice. In fact, they would have the opposite effect. The business practices that...

The 1996 Telecoms Act featured policy successes and failures. Among the former are federal rules pre-empting state monopolies and the mandate for network interconnection. Among the latter is the mandatory sharing regime for fixed line telephone networks, over-turned by federal courts after eight...