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How Antitrust Regulators Could Use the ‘Perpetual Inventory Method’ to Value R&D
The slew of recent antitrust cases in the digital, tech, and pharmaceutical industries has brought significant attention to the investments many firms in these industries make in “intangibles,” such as software and research and development (R&D). Intangibles are recognized to have an important effect on a company’s (and the economy’s) performance. For example, Jonathan Haskel ... How Antitrust Regulators Could Use the ‘Perpetual Inventory Method’ to Value R&D
How FTC v. Qualcomm Led to the Nvidia-Arm Acquisition
In a constructive development, the Federal Trade Commission has joined its British counterpart in investigating Nvidia’s proposed $40 billion acquisition of chip designer Arm, a subsidiary of Softbank. Arm provides the technological blueprints for wireless communications devices and, subject to a royalty fee, makes those crown-jewel assets available to all interested firms. Notwithstanding Nvidia’s stated ... How FTC v. Qualcomm Led to the Nvidia-Arm Acquisition
TOTM welcomes back Alden Abbott
I am delighted to announce that Alden Abbott has returned to TOTM as a regular blogger following his recent stint as General Counsel of the FTC. You can find his first post since his return, on the NCAA v. Alston case, here. Regular readers know Alden well, of course. Not only has he long been ... TOTM welcomes back Alden Abbott
The NCAA: Dr Jekyll or Mr Hyde?
The U.S. Supreme Court will hear a challenge next month to the 9th U.S. Circuit Court of Appeals’ 2020 decision in NCAA v. Alston. Alston affirmed a district court decision that enjoined the National Collegiate Athletic Association (NCAA) from enforcing rules that restrict the education-related benefits its member institutions may offer students who play Football ... The NCAA: Dr Jekyll or Mr Hyde?
Chairman Pai Symposium: Wrap-Up and Thoughts for the Future FCC
One of the themes that has run throughout this symposium has been that, throughout his tenure as both a commissioner and as chairman, Ajit Pai has brought consistency and careful analysis to the Federal Communications Commission (McDowell, Wright). The reflections offered by the various authors in this symposium make one thing clear: the next administration ... Chairman Pai Symposium: Wrap-Up and Thoughts for the Future FCC
The Ajit Pai FCC on Radio Spectrum Allocations
Disclosure: The one time I met Ajit Pai was when he presented a comment on my book, “The Political Spectrum,” at a Cato Institute forum in 2018. He was gracious, thorough, and complimentary. He said that while he had enjoyed the volume, he hoped not to appear in upcoming editions. I took that to imply ... The Ajit Pai FCC on Radio Spectrum Allocations
Ajit Pai Brought the FCCโs Media Ownership Rules into the Modern Age
I’m delighted to add my comments to the chorus of voices honoring Ajit Pai’s remarkable tenure at the Federal Communications Commission. I’ve known Ajit longer than most. We were classmates in law school … let’s just say “many” years ago. Among the other symposium contributors I know of only one—fellow classmate, Tom Nachbar—who can make ... Ajit Pai Brought the FCCโs Media Ownership Rules into the Modern Age
Ajit Pai and Risk-Taking at the FCC
It would be impossible to describe Ajit Pai’s tenure as chair of the Federal Communications Commission as ordinary. Whether or not you thought his regulatory style or his policies were innovative, his relationship with the public has been singular for an FCC chair. His Reese’s mug, alone, has occupied more space in the American media ... Ajit Pai and Risk-Taking at the FCC
Chairman Paiโs Organizational Legacy
One significant aspect of Chairman Ajit Pai’s legacy is not a policy change, but an organizational one: establishment of the Federal Communications Commission’s (FCC’s) Office of Economics and Analytics (OEA) in 2018. Prior to OEA, most of the FCC’s economists were assigned to the various policy bureaus, such as Wireless, Wireline Competition, Public Safety, Media, ... Chairman Paiโs Organizational Legacy
Chairman Paiโs Legacy of Transparency
For many, the chairmanship of Ajit Pai is notable for its many headline-grabbing substantive achievements, including the Restoring Internet Freedom order, 5G deployment, and rural buildout—many of which have been or will be discussed in this symposium. But that conversation is incomplete without also acknowledging Pai’s careful attention to the basic blocking and tackling of ... Chairman Paiโs Legacy of Transparency
A Reflection on Commissioner Pai, Chairman Pai, and Public Service
Much of this symposium celebrates Ajit’s contributions as chairman of the Federal Communications Commission and his accomplishments and leadership in that role. And rightly so. But Commissioner Pai, not just Chairman Pai, should also be recognized. I first met Ajit when we were both minority commissioners at our respective agencies: the FCC and Federal Trade ... A Reflection on Commissioner Pai, Chairman Pai, and Public Service
Paiโs Legacy of Progress in Closing the Rural Digital Divide
I was having a conversation recently with a fellow denizen of rural America, discussing how to create opportunities for academics studying the digital divide to get on-the-ground experience with the realities of rural telecommunications. He recounted a story from a telecom policy event in Washington, D.C., from not long ago. The story featured a couple ... Paiโs Legacy of Progress in Closing the Rural Digital Divide
