Barron’s: Putting Economics Above Ideology, Thomas Hazlett

In early 2001, the Bush administration halted plans to make more radio spectrum available for cellphone and other mobile services. Officials believed delaying new license auctions would result in higher prices. And sales delayed until 2006 and 2008 did indeed generate record proceeds – $33 billion. But the lollygagging cost the U.S. economy much more. Denying wireless markets their most important resource, spectrum, reduced competition and stunted the advance of mobile networks. Go to full article at Barrons.com.  Also available, [PDF Download] of article on Prof. Hazlett’s faculty profile.

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