As part of the Modification of Final Judgment (MFJ) that implemented the divestiture of the Bell operating companies (BOCs) from AT&T on January 1, 1984, the BOCs were forbidden to carry telephone calls from one local access and transport area LATA) to another. Although the Telecommunications...

The Secure Proof of Stake protocol (SPoS) uses a reputation-verification platform to solve the centralization, efficiency, and security problems that afflict existing blockchain consensus protocols. At heart, a secure proof of stake protocol follows naturally from a secure decentralized...

This article provides the first detailed study to show that paying college football players does not decrease fan interest in watching college football – thus, substantially debunking the NCAA’s myth that amateurism conforms to the requirements of antitrust law. Part I of this article...

This essay, written three years before the enactment of the Telecommunications Act of 1996, is a reminder of how little has been accomplished in deregulating telecommunications. In 1993, I erroneously predicted that American telecommunications regulation was about to collapse like the walls of...

Although competitive local exchange carriers (CLECs) collectively have gained considerable market share since the passage of the Telecommunications Act of 1996, many entrants into local telecommunications have stumbled or failed. Some argue that competitive local telephony will eventuate only if...

A recurring issue in the regulation of public utilities is whether the firm should be permitted to recover the cost of particular assets through its allowed rates. The traditional standards have been the backward-looking prudency test and the forward-looking used-and-useful test. Under the...

Demand for some services provided on traditional postal, electricity, gas and fixed telecommunications networks can be characterized as being in decline in some jurisdictions. Declining demand can give rise to difficult questions for regulators, in particular, the extent to which network...

As the global economy incurs a process of transformation by the ongoing ‘fourth industrial revolution’, competition law is traversing a ‘liminal’ moment, a period of transition during which the normal limits to thought, self-understanding and behaviour are relaxed, opening the way to...

The “invisible hand” has become an icon for an economic philosophy that assumes a laissez-faire governmental policy will result in optimal social and financial outcomes as market forces will drive a socially efficient equilibrium. This approach is in tension with another philosophy that...

This paper compares recent solar valuation approaches in nine states that have explicitly engaged in actions to determine compensation for distributed energy resources, including distributed solar. The selected states represent a variety of political environments, regulatory structures, climate...