Articulating a Modern Approach to FCC Competition Policy

23 Pages Posted: 6 Oct 2013  

Reed E. Hundt

McKinsey & Co. Inc.

Gregory L. Rosston

Stanford Institute for Economic Policy Research

Date Written: September 1, 2013

Abstract

The FCC has taken three different competition policy approaches: the classic role of regulating terms and conditions of sale, the modern role of using various tools to create largely deregulated, multi-firm, competitive markets, and the laissez-faire approach of believing that unregulated markets, even if monopolized, will produce the best outcome. For the most part, a light-handed modern role has proven successful. The FCC should adopt such an approach going forward with a classic regulatory role as a backstop, and it should articulate clearly its competition policy framework so that firms can understand the rules and compete to provide service to customers in a procompetitive manner.

Keywords: Competition, Regulation, Telecommunications, FCC

JEL Classification: L4, L5, L9

Suggested Citation

Hundt, Reed E. and Rosston, Gregory L., Articulating a Modern Approach to FCC Competition Policy (September 1, 2013). Federal Communications Law Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2334361 or http://dx.doi.org/10.2139/ssrn.2334361

Reed E. Hundt

McKinsey & Co. Inc. ( email )

1250, boul Rene-Levesque O
Montreal QC, H3B 4W8, Quebec
Canada

Gregory L. Rosston (Contact Author)

Stanford Institute for Economic Policy Research ( email )

Landau Economics Building
579 Serra Mall at Galvez St.
Stanford, CA 94305-6015
United States

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