A piece of legislation recently introduced by Representatives Anna Eshoo (D-CA 14th) and Tammy Baldwin (D-WI 2nd) that they call the quot;Broadcast Licensing in the Public Interest Actquot; (HR 4882), might deserve a better appellation as the quot;Eradication of Broadcasting Act.quot;At the...

In theory, free entry can lead to social inefficiency. We study the radio industry in a first attempt to quantify this inefficiency. Using cross-sectional data on advertising prices, the number of stations, and radio listening, we estimate the parameters of listeners' decisions and of firms'...

In policy circles of Washington, DC, in academia, and among advocates and lobbyists, there has been growing attention to the role of antitrust enforcement versus regulation in today’s economy. Various populist arguments seek an expanded role for antitrust law, as proponents seek to control the...