This paper examines the relative advantages of allocating spectrum by auction or without licensing. The debate over how to allocate the spectrum will at times rest fundamentally on the challenges of choosing between alternative technologies. This paper notes that economic benefits of a highly...

In the U.S., occupational licensing is more prevalent in the public sector than in the private sector, but the influence of occupational regulation for public sector workers has not been analyzed in detail. Our study initially examines the probability of a licensed worker selecting into the...

This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clarke-Groves mechanism, characterize the optimal mechanism that maximizes the...