We look at alternative methods to correct a downward bias in half-life estimates of relative stock prices among the G7 countries. We compare a grid-[alpha] median-unbiased method and a recursive mean adjustment method.

One goal of the American Recovery and Reinvestment Act of 2009 (“ARRA”) is to provide all Americans with access to affordable broadband services, particularly to those Americans living in rural markets where demand and cost conditions do not favor network deployment. At the same time, there...

With the D.C. Circuit’s ruling in Comcast v. FCC, the court has thrown the Federal Communications Commission’s efforts to promote an “Open Internet” into legal limbo. In response, FCC Chairman Julius Genachowski announced that he intended to seek to impose a “Third Way”, whereby the...

This paper offers an economic theory of the Designated Entity program used in spectrum auctions in the United States. Using this theory, and auction results, we evaluate the DE discounts in the Federal Communication Commission's Auction 97, and the post-auction decision by the regulatory agency...