This paper develops a new way to estimate cost synergies from mergers without using actual data on cost. The estimator uses a structural model in which companies play a dynamic game with endogenous mergers and product repositioning decisions. Such a formulation has several benefits over the...

"Evaluates two options for spectrum governance--a tradable license approach and a commons approach--in terms of interference, investment in innovation, monopoly power, diversity, rural service, and vested interests versus adaptability" - Provided by publisher.