Crowd-funded markets have recently emerged as a novel source of capital for entrepreneurs. As the economic potential of these markets is now being realized, they are beginning to go mainstream, a trend reflected by the explicit attention crowdfunding has received in the American Jobs Act as a...

This paper analyzes how a telecommunications regulator can balance regulation with innovation, at a reasonable cost. The existing U.S. telecommunications regulations were created in the integral age. In that paradigm, functional components that constitute a service compliant with regulation...