AT&T wants to buy T-Mobile. In the US, such a deal requires the permission of the FCC and the DOJ. The purpose of such regulatory approval is ostensibly to limit any restraint of trade that may arise from greater concentration of the industry. Some simple models of market power (say, a Cournot model) assume that [...]

Tags: AT&T, Bertrand competition, competition policy, Cournot competition, DOJ, FCC, mergers, regulation, Sprint, T-Mobile, Verizon
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On the technology sites I frequent, TechCrunch and Hacker News, there has been an uproar over Google’s joint proposal with Verizon, in which traditional Internet service providers would be subject to net neutrality regulation and wireless providers would not. I think the outrage over Google’s alleged betrayal of Internet users is ill founded. Most of [...]

Tags: economics, Google, industrial organization, Internet, net neutrality, Rothbard, Varian, Verizon
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