In this paper, we examine the effectiveness of government spending on private-sector job growth. Rather than contemplate the average or typical effect of government stimulus on private-sector jobs, we divide the past fifty years of U.S. economic history into low-growth and high-growth periods....

With the National Broadband Plan's promise of an additional 500 MHz of spectrum for commercial purposes, the question of how to allocate those resources among competing uses and users will dominate the communications policy debate over the coming years. In this policy paper, we provide a...

The issue of whether the government should assign the D Block of spectrum to public safety or auction the spectrum for commercial use requires an assessment of the relative benefits and costs of these two alternatives. We propose such a framework, and preliminary analysis suggests that the 10...

Antitrust policy and mergers provide a steady source of material for economic analysis, both theoretical and empirical. This is no surprise; in few other areas are the problems so obviously economic, so practical, and of such substantial policy significance. Seminal articles in economics such as...

Market definition is an essential ingredient to competitive and regulatory analysis. Yet, there is significant disparity regarding the definition of the relevant geographic market for high-capacity circuits, commonly referred to as Special Access services. Given the present debate over expanding...

In this paper, we offer a hybrid approach to merger simulation in which we allow rather extensive pre-testing to suggest the ‘correct', or most desirable, form for the underlying demand curves. Our application is the merger between the large mobile telephone companies Cingular and AT&T...

In this Perspective, I provide more evidence demonstrating the illegitimacy of the OECD's per-capita broadband rankings as a reliable measure of relative performance for broadband adoption. Using the OECD's own data on per-capita adoption and household adoption across the OECD, numerous examples...

The purpose of patent policy is to balance the incentive to invent against the ability of the economy to utilize and incorporate new inventions and innovations. Substandard patents that upset this balance impose deadweight losses and other costs on the economy. In this paper, we examine some of...