Check out The Economist’s review of Tim Wu’s timely, if flawed, book The Master Switch. Wu doesn’t like the way information-based industries – think software or wireless networks – tend to grow more concentrated after an initial blossoming. As remedy, he recommends building regulatory walls …
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By Robert Hahn, Peter Passell | Tags: economies of scale, innovation, The Economist, The Master Switch, Wu | Category: Quick Takes, Theory of Regulation |
 Leave a commentAT&T announced plans to acquire T-Mobile USA for a cool $39 billion. The next move is up to the Department of Justice, the Federal Trade Commission, and the Federal Communications Commission. If these authorities take a conventional, old-style approach to merger analysis, AT&T could face resistance. But if authorities focus on the critical … Tyler Cowen has an interesting response to Paul Krugman’s post on why the potential to sue for damages is an inadequate substitute for government regulation. (This, of course, is in the context of the oil spill in the gulf.) Judging by the interchange, it’s hard to conclude … By Robert Hahn, Peter Passell | Tags: British Petroleum, oil spill, Paul Krugman, Tyler Cowen | Category: Quick Takes, Theory of Regulation |
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