The world's 'Big 4' accountancy firms - PwC, Deloitte, Ernst & Young, and KPMG - have become a gilded elite. Up in the high six figures, an average partner salary rivals that of a premier league footballer. But how has the seemingly humdrum profession of accountancy got to this level? And what...

The right to use US radio frequency spectrum is extremely valuable. Unlike most property rights, licenses to use radio spectrum are granted for limited terms and carry significant restrictions on how the radio spectrum is used. Economic efficiency suggests that existing license rights should be...

Wireless networks have long been described as wired networks with wireless links at the edge. This observation has important implications as 5G is rolled out. One of the innovations of 5G is to push the wired part of the network closer to the user, and the need for high capacity and low latency...