In sweeping revisions the US Telecommunications Act of 1996 relaxed rules respecting broadcast TV ownership regulations. In particular Congress directed the Federal Communication Commission (FCC) to conduct a rulemaking on whether the 'duopoly rules' preventing businesses from owning multiple...

How and why do economies grow? This paper surveys recent research into preclassical economies, with particular emphasis on the mercantile period as to the adequacy of an answer of this critical question. Historical, 'ideational' and neoinstitutionalist approaches are analyzed as independent...

To sum up, one problem posed by critics of franchise bidding is that the unfavorable political participation associated with the present system of regulation would only be accentuated under a franchise scheme. However, we have argued to the contrary that under a franchising scheme political...