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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 […]
Structural Estimation of FCC Bidder Valuation
By Renhao Tan, Zachary Lim, and Jackie Xiao We modify a method introduced in Fox and Bajari (2013) which structurally estimates the deterministic component of bidder valuations in FCC spectrum auctions based on a pairwise stability condition: two bidders cannot exchange two licenses in a way that increases the sum of their valuations, and we […]