The Year in Economics at the FCC: A National Plan for Broadband
25 Pages Posted: 20 Oct 2010
Date Written: October 13, 2010
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.
Keywords: broadband, communications, FCC, regulatory policy
JEL Classification: K23, L51, L96
Suggested Citation: Suggested Citation