This conference presentationdiscusses the sort of regulation that makes sense for wireless, as well as the appropriate division of responsibility between state and federal agencies.

In comparisons of performance metrics in mobile telephone service markets, empirical estimates suggest that countries that auction licenses do not achieve higher levels of output.

Negative licensee windfalls suggests that liberalization enhances wireless competition, lowering expected retail prices, and reducing entry barriers in communications markets.

A major European Commission report due out this spring will sketch policies to allow frequency trading, a once-revolutionary idea now elevated to conventional wisdom.

Increased regulation of wireless telephone service is being proposed by both federal and state policy makers, raising the question of optimal jurisdiction.

Congress has introduced several bills on net neutrality, but mostof themare likely to do more harm than good.

The government's plan to introduce "Digital TV" underscores the baffling irrelevance of U.S. regulatory efforts to protect obsolete technologies (broadcast TV), while blocking intensely needed new systems (wireless networks).

Able to purchase spectrum access rights, companies could deliver a robust new generation of TV, including streaming technologies, video on demand and a reincarnation of broadcast DTV as a spectrum-friendly information service.