The Communications Act requires the Federal Communications Commission to assess whether proposed spectrum license transactions serve the public interest, convenience, and necessity. We review the FCC’s implementation of this component of the Act. We provide a tractable economic model of...

This article reviews several issues confronted by the Federal Communications Commission (FCC) over the past year and discusses some of the economic analysis employed by the FCC in examining these issues. The article also identifies areas in which future academic research would be valuable to the...