Articulating a Modern Approach to FCC Competition Policy
Reed E. Hundt
McKinsey & Co. Inc.
Gregory L. Rosston
Stanford Institute for Economic Policy Research
September 1, 2013
Federal Communications Law Journal, Forthcoming
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.
Number of Pages in PDF File: 23
Keywords: Competition, Regulation, Telecommunications, FCC
JEL Classification: L4, L5, L9
Date posted: October 6, 2013