The low cost of communication made possible by the Internet has led to ruinous competition in news markets. It has also led to stiff competition from social media companies in the advertising distribution markets in which newspapers also compete. As a result, cash-starved newspapers have...

This book has three main objectives: (a) to discuss the main implications that consumers' inability to make rational choices can have on the functioning of second pillars, (b) to describe how jurisdictions have tried to address these problems through ad hoc policy interventions, and (c) to...

In this Policy Paper, we analyze the effects of quot;network neutralityquot; proposals that seek to mandate an inflexible set of rules that would foreclose or severely limit many market transactions. Our model reveals that under plausible conditions, rules that prohibit efficient commercial...

One of the most heated debates in the current efforts to re-write the Communications Act has been whether the federal government should impose "Network Neutrality" requirements on broadband service providers. While we argue neither for nor against the need for Network Neutrality legislation in...

Many policymakers have recently expressed concern over the practice of multichannel video programming distributors ("MVPDs") such as cable and satellite video providers, to "bundle" a large number and variety of channels together into a "take-it-or-leave-it" package. In this BULLETIN, we...

Over the past few months there have been calls to impose "wireless net neutrality" rules on the burgeoning United States wireless industry. These critics assert that certain practices by the wireless industry - such as handset "locking" practices, data bandwidth limitations, and control over...

This month, three professors at the University of Florida's Warrington College of Business Administration released a new paper on the effects of network neutrality regulation using a stylized game-theoretic model (the "Florida Study"). This analytical investigation of network neutrality is...

We have got in the habit of thinking of corporate governance as a collection of rules and it is very easy to become seduced by this rule oriented approach. However, this mechanical approach should not distract us from the reality that a corporate governance regime should seek to address and...