The reason to favor spectrum flexibility is not that it would make current licensees better off, but that it would make everyone better off.

This book brings together classic writings on the economic nature and organization of firms.

Without political change, the rule of law and property right protection will not return to Zimbabwe.

FCC formal Comment urges lawmakers to refrain from spectrum zoning, standard setting, or attempting to create bandwidth markets, which will spontaneously emerge.

The proper government role with private property is little more than can be supported by a cost-benefit analysis that could withstand Ronald Coase’s scrutiny.

The superior solution lies in liberalization, quickly giving new competitors access to radio waves in the TV Band.

When Ronald Coase was awarded the Nobel prize for economics in 1991, many in the profession were stunned.

There is a demand for access to radio waves, and high barriers to entry imposed by regulators are stifling growth, but this is because the spectrum allocation is working precisely as planned.