This paper examines the justifications, history, and practice ofregulation in the US telecommunications sector. We examine the impact oftechnological and regulatory change on market structure and businessstrategy. Among others, we discuss the emergence and decline of thetelecom bubble, the...

This paper evaluates the incentive of firms to vertically integrate in asimple 2X2 Bertrand model of two substitutes that are each comprised oftwo complementary components. It confirms that all prices fall as aresult of a vertical merger. Further, we find that, when the compositegoods are poor...

We examine the intersection of patents and antitrust where a patentholder uses the monopoly power it possesses in the market for a patentedproduct to exclude competitors in an adjacent market and attempt tomonopolize or monopolize the adjacent market. The present scheme forawarding patents...

In this paper, I consider the impact of a departure from this currentsystem. I examine the possible impact of last-mile broadband providers'imposing "termination fees" on third-party content providersor application providers to reach end-users. Broadband providers wouldengage in paid...