The Year in Economics at the FCC: A National Plan for Broadband |
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Authors: | Jonathan B Baker Paul de Sa |
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Institution: | 1.Federal Communications Commission,Washington,USA |
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Abstract: | The past year in economics at the Federal Communications Commission (FCC) has focused on encouraging the adoption and deployment
of high capacity Internet access and the associated networks, commonly termed “broadband.” Our article sketches important
economic themes in the FCC’s National Broadband Plan to show how the application of basic principles of regulatory economics
takes account of rapid technological change. We discuss natural monopoly regulation, externalities and cross-subsidies, network
effects and interconnection, the allocation of scarce inputs, protecting and fostering competitive markets, and consumer protection
and transparency as they apply to the development of broadband. |
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