How does strategic investment affect entry of new technologies and market structure? This article investigates the role of competition in firms' technology adoption decisions in the U.S. wireline broadband industry. I present a model of strategic entry deterrence and study how internet service...

In this article, I present causal effects of institutional entry barriers to new firms on incumbents' technological innovation. In particular, I investigate the effect of entry barriers to municipal providers on incumbents' technology deployment in the U.S. broadband industry. I use a spatial...

I measure how mergers in the market for broadband internet service affect short-run welfare. Mergers between internet service providers (ISPs) with non-overlapping markets may decrease welfare by increasing ISP bargaining leverage against content providers. However, study of this welfare channel...

This paper examines the impact of asymmetric information on incumbent firms' propensity to engage in limit pricing when faced with threat of entry. I draw from information economics to argue that incumbents will use price to respond ex ante to entry in situations characterized by asymmetric...

Past empirical literature provides strong evidence that competition increases when new firms enter a market. However, rarely have economists been able to examine how competition changes with the threat of entry. This paper uses the evolution of the zip code level market structure of...

An important issue in economics is how market structure affects prices. While the standard view is that competition lowers prices, Chen and Riordan (2006) argued that with product differentiation it is not exceptional for prices to be higher under duopoly than monopoly. This paper empirically...

Universal service is a policy objective that all individuals or households have access to some service. Subsidy policies to accomplish universal service may arise when private provision is non-universal. In the context of rural high speed wired broadband subsidies, this paper examines novel...

Access to the internet is critical for participating in modern society, yet, 17% of Americans lack access to broadband internet, according to the Federal Communications Commission (FCC). A key objective of the FCC is to promote policies that advance the availability of quality telecommunications...

In Portugal, the telecommunications incumbent offers broadband access to the Internet, both through digital subscriber line and cable modem. In this article, we estimate the impact on broadband access to the Internet of the structural separation of these two businesses. We use a panel of...