Bundling by a firm with monopoly power can be shown to reduce consumer welfare in one of two ways. First, by applying the “discount attribution standard,” bundling can be shown to exclude or impair equally efficient rivals in ancillary or “tied” markets. Second, by comparing the penalty...

By any measure, Google is one of America's most innovative companies of the last decade. Its search engine has literally changed the way people all around the world access information and conduct research. Google's ability to continue innovating, as well as the ability of other companies to do...

Last year's Annual Report and Analysis of Competitive Market Conditions with Respect to Mobile Wireless broke new ground by not concluding, as had prior reports, that the wireless services market was “effectively competitive.” This year's report did the same. The 14th and 15th reports review...

As the Federal Communications Commission (FCC) considers how to allocate the broadcasters' spectrum in the upcoming "incentive auction," it should be guided by economic principles designed to maximize social benefits. To date, the spectrum policy debate largely has been driven by considerations...