Radio spectrum is a scarce resource; understanding its economic value is one piece of information needed to manage it efficiently. Estimating the value of radio spectrum, however, creates significant challenges not found in valuing some other assets. Spectrum is somewhat of a special case; market...

In early 2008, the Federal Communications Commission (FCC) conducted its largest auction of radio spectrum licenses. The auctioned 700 MHz spectrum bands represented a large part of the US's digital dividend, which was created by transitioning to more efficient digital television broadcasts....

The following analysis contends that the FCC's creation of Guard Band Managers is an important step forward in introducing more market-based forces to radio spectrum management. Guard Band Managers perform the function of a frequency coordinator--they parcel out "odd shaped", business specific...

This article focuses on how the choice of discount rate can dramatically affect policy choices. These policies include whether to build a bridge, whether to privatize a Power Marketing Administration which sells electricity generated by government-owned facilities such as dams, how much money...

This paper studies the innovation response of upstream technology suppliers when their downstream buyers transition from regulation to competition. By modeling the impact of the 1990s U.S. electricity deregulation on patenting, we find that after deregulation, the net competition effect...

Based on the universe of rate-regulated electric utilities in the U.S., we examine why firms alter their financing decisions when transitioning from a regulated to a competitive market regime. We find that the significant increase in regulatory risk after the passage of the Energy Policy Act,...