It is reasonable to question whether the consumer welfare standard has been adequately applied to Big Tech companies, and whether some of their practices may unfairly handicap potential competitors — though, for now, the evidence for that charge is thin. What is not productive is to advocate for a return to the “big is bad” […]
Though calls to break up “Big Tech” — Amazon, Apple, Google, and Facebook — have intensified over the last few years, the logic behind the movement is as tenuous as ever. From the perspective of consumer welfare, the standard that has guided competition policy in the U.S. for nearly half a century, there’s good reason to think […]
The U.S. Senate seems poised to confirm three new members to the five-person Surface Transportation Board (STB), the agency responsible for regulating our nation’s railroads, including companies like CSX and Norfolk Southern in Pennsylvania. These nominations have been stalled for months, diminishing the STB’s ability to fulfill its mission to help ensure the free flow […]
Consumers pay more than $200 billion per year in higher prices caused by occupational licensing regulations. And what do they get in return? Not much. Occupational licensing laws make it illegal to enter an occupation without the state’s seal of approval. They are ostensibly meant to protect the public from low-quality and unsafe services by […]
Qualcomm has asked the International Trade Commission (ITC) to halt the importation of some Apple smartphones that use the chips of its competitors. The issue stems from a patent dispute between Qualcomm, a maker of baseband processor chipsets used in many popular electronic devices, and Apple, a manufacturer of these devices. Now, a new report […]
This month, the Federal Communications Commission (FCC) will likely approve net neutrality rules which will, for the first time, impose significant federal regulatory authority on Internet services and over Internet Service Providers (ISPs). After nearly a decade of intense clamoring by advocacy groups, who have called for a “free” and “neutral” and “open” Internet, net […]
Professor Joseph P. Fuhr Jr. and Dr. Larry F. Darby published an article in the Media Law & Policy Journal of the New York Law School — Innovation and National Broadband Policies: Facts, Fiction and Unanswered Questions in the Net Neutrality Debate.
The FCC will soon be releasing its annual report on wireless competition. One key question, of course, is whether the market is competitive. Proponents of regulation seem to believe that consumers are automatically endangered when there are only a few competitors. But accepted economic literature and empirical research finds no evidence that market concentration, by […]
The briefing was held on February 8, 2011. Click below for more information. the-economics-of-regulation-and-deregulation
Randy May has written an excellent blog on famed economist Alfred Kahn, who passed away last week. Kahn, a democrat, was instrumental in deregulation policy that has lead to tens of billions of dollars of annual economic benefits to consumers. Here is Randy’s blog.