The Upstream and Downstream Effects of Government Industrial Policy in the Rare Earth Elements Industry
By Charles Daniel The Chinese government has found considerable success in stimulating economic modernization through its industrial policy. The development of the rare earths industry, in both upstream and downstream markets, exemplifies this success. Rare earths are a group of metals whose natural properties make them critical for many pieces of modern technology. Upstream, Chinese […]
Evaluation of the Impact of New Rules in FCC’s Spectrum Incentive Auction
By Elizabeth Lim, Akshaya Trivedi and Frances Mitchell On March 29, 2016, the FCC initiated its first ever two-sided spectrum auction. The auction closed approximately one year later, having repurposed a total of 84 megahertz (MHz) of spectrum. The “Incentive Auction” included three primary components: (1) a reverse auction where broadcasters bid on the price […]
Regulatory Uncertainty: The Impact of the 2015 Open Internet Order on Broadband Infrastructure Investment
By Dane Bourcy Burkholder and Chin Jie Lim This paper analyzes the impact of the United States Federal Communication’s (FCC) March 2015 Open Internet Order (OIO) on broadband infrastructure investment outcomes such as changes in speed of services, market entry. We find that higher broadband investment levels deter potential entrants and may weed out competition […]
A Brief Review and Analysis of Spectrum Auctions in Canada
by Martínez-Cid, Wenfei Jiao, and Zeren Zhang Abstract We begin by explaining the importance of efficient spectrum allocation and reviewing Canada’s recent spectrum allocation history. We then use a dataset covering more than 1,200 licenses auctioned from 2001 to 2015 that seeks to account for each auction’s particular rules. Our results confirm that measures of […]
Small Bidder Preferences in FCC Spectrum Auctions
By Alexandra Zrenner and Chidinma Hannah Nnoromele The Federal Communications Commission faces a congressional mandate to ensure the participation of small business in its spectrum auctions. The FCC addresses this mandate using preferences for small bidders. This paper examines the impact on auction competition and outcomes of two preferences: bid credits and closed licenses. Bid […]
