The effects that regulation has on the innovation and the introduction of new telecommunications services have not been previously quantified in the literature. This study compares state-regulated services in Indiana under rate of return regulation (RoRR) and under alternative regulation. The...

This paper develops and compares specification tests for parametric duration models estimated with censored data. The tests are based on generalized residuals (the integrated hazard), which is exponentially distributed if the model is correctly specified. I present several conditional moment...

I examine the effects of FCC regulation on the innovation and introduction of advanced telecommunications services in the U.S. An interim of lighter regulation provides an ""experiment"" to test the regulatory regime''s impact on innovation. The econometric model comprises an arrival process...

This paper inquires into the response of industry dynamics to increases in costs. We show that increases in marginal and fixed costs may have interesting, non-obvious effects on entry and exit. Before costs change, the model exhibits behavior that matches many industries such as manufacturing...

Cell phone use is increasing worldwide, leading to a concern that cell phone use while driving increases accidents. We develop a new approach for estimating the relationship between cell phone use while driving and accidents, based on new survey data. We test for selection effects, such as...

Queuing theory may be useful for analyzing economic phenomena involving count and duration data. We develop maximum likelihood estimators for the time-varying parameters of a simple queuing system based on two kinds of data: complete interarrival and service times (IST), and number of units in...

The newest dimension of the Digital Divide is access to broadband (high-speed) Internet service. Using comprehensive U.S. data covering all forms of access technology (chiefly DSL and cable modem), I look for evidence of unequal broadband availability in areas with high concentrations of poor,...

This paper endogenizes the interplay between innovation by a regulated â?¦rm and regulatory delay. In the signaling model, the â?¦rm times its innovation to communicate its private information about the MC of delay to the regulator. When product innovation costs fall over time, an extra day...

This letter evaluates the performance of auxiliary regression-based specification tests for parametric duration models estimated with censored data. The test using asymptotic critical values has poor size. Bootstrapping corrects the size problem but results in a biased power curve.

In this paper I investigate response bias in survey data on annual driving mileage and evaluate the performance of a proposed remedy, Orbit. Individuals systematically exaggerate their deviation from the sample average, and using the self-reported data leads to misleading estimates of the income...