In this paper we highlight the benefits of increased competition through reform of rules and regulations that may hinder competition and innovation. The paper discusses details from several papers that shed light on the nature of rules and regulations in various markets such as innovation,...

When two networks interconnect, one network may value the connection more than the other. In an unregulated environment, the direction of payment for interconnection depends on whether there are increasing or decreasing marginal returns to network size. If users face decreasing marginal returns...