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January 7, 2026
Disbanding the Federal Communications Commission
Abstract This paper argues that the Federal Communications Commission (FCC) has outlived the economic and technological conditions that justified its creation. The monopolistic telephone and spectrum scarcity environments of 1934 have been replaced by dynamic, intermodal competition across broadband, wireless, and satellite platforms, eroding the rationale for common carrier and broadcasting regulation. As its original…
November 6, 2024
Determinants of Industry Concentration and Dispersion
Abstract Given the political and public interest in rising industry concentration in developed economies, researchers have been working on uncovering underlying mechanisms and implications. Various causes of concentration have been proposed, although rarely tested in a comprehensive model. We study five distinct phenomena and their association with industry concentration: 1) Industry regulation, 2) mergers, 3)…