This volume shows that the public policy concerns are not accidental, because such industries often embody two major and widely recognized forms of potential market failure.

The author explores periods of rapid technological change for coincidences of widening inequality and slowing productivity growth.

This book identifies the major sources of competition to the cable television industry, such as telephone companies, direct broadcast satellite services, and traditional broadcasting stations.

The authors address claims that vertical ownership ties reduce programming diversity, restrict entry of competitors to cable, or have other socially undesirable effects.

Stranded costs are those costs that electric utilities permitted to recover through their rates but whose recovery may be impeded or prevented by the advent of competition in the industry.

This book analyzes the effectiveness of the federal government's vacillating regulatory policy toward the cable television industry.

The authors argue that TV regulation should be based on the same principles used for print media, for which control of editorial content lies in private hands rather than the government.

The study concludes that the HDTV case ironically confirms the misgivings of skeptics and demonstrates the flaws in industrial policy.