The Federal Communications Commission’s Notice of Inquiry in GN 09-157 Fostering Innovation and Investment in the … information. In this article, we review the wireless industry’s past performance in three dimensions: (i) the rate of innovation …, (ii) how competitive the industry is, and (iii) how competitive wireless innovation is. We do so by examining the record …

This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. In the signaling … model, the firm times its innovation to communicate its private information about the MC of delay to the regulator. When … product innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day …