Managed Competition in U.S. Telecommunications

The 1996 Telecommunications Act represents a major turn in U.S. policy towards 'deregulation.' Instead of tying price deregulation to the opening of entry in a market that has been regulated for decades, the Act creates a maze of new regulatory responsibilities for the Federal Communications Commission (FCC) and the states. Incumbent local telephone companies, who were being freed from cost-based regulation prior to 1996, are now subject to detailed regulation of their wholesale services. Specifically, they must 'unbundle' their network facilities into a large number of components and lease these components or 'elements' to entrants at cost. Moreover, the Bell companies are not permitted to compete with long distance companies until they satisfy regulators that they have complied with a large number of interconnection requirements. This complex new regulatory regime has been the source of three years of regulatory battles and legal challenges and has needlessly delayed facilities-based entry into telecommunications. It would be far better if the FCC and the states were to pursue a strategy of full deregulation. The regulators should announce a date sufficiently far in the future at which all rate and entry regulation will cease, much as the Congress did for airlines in 1978. This would place potential competitors and customers on notice that fully flexible rates will be in place on this date and that new opportunities could be available for both. It also would reduce the value of rent seeking before the regulatory commissions and the never-ending cycle of rulemakings and court appeals.

Charles Ferguson and the "Broadband Problem"

Charles Ferguson has published a book that advocates a major increase in government intervention in the U.S. market for high-speed, "broadband" Internet services. His proposals are based on a faulty understanding of the effects of current telecommunications regulation and unsubstantiated claims that current participants in the broadband marketplace are exercising monopoly power. His policy recommendations would not only fail to accelerate the pace of broadband diffusion in the United States, but they would surely provide a disincentive for carriers to invest in the network upgrades required to extend broadband and to provide even higher-speed Internet access for U.S. consumers.Technology and Industry, Regulatory Reform

The Effects of U.S. Trade Protection for Autos and Steel

macroeconomics, trade protection, steel, autos

Federal Government Initiatives to Reduce the Price Level

macroeconomics, income policy, U.S. government, price level, federal government

Telecommunications Policy Reform in the United States and Canada

The Telecommunications Act of 1996 marked a fundamental departure in U.S. regulation. Monopoly market structures were officially deemed inefficient, and extensive rules were authorized to jump-start competition. Canada opened long-distance markets to entrants in 1992, and did likewise with local telephone access five years later, but employed distinct tools from those utilized by U.S. regulators. In this paper we compare and contrast the two alternative approaches to deregulation. The conventional wisdom is that telephone competition in the U.S. has lagged under the Telecommunications Act. Rates are alleged to have risen for most customers, just the reverse of what was promised by policy makers. We examine broad trends within the sector, and conclude that the Act, while flawed, actually scores well in comparison to previous reform measures. We prefer the approach taken in Canada, however, which is less regulation-intensive in the transition to competition.

Regulating Highly Automated Robot Ecologies: Insights from Three User Studies

Highly automated robot ecologies (HARE), or societies of independent autonomous robots or agents, are rapidly becoming an important part of much of the world's critical infrastructure. As with human societies, regulation, wherein a governing body designs rules and processes for the society, plays an important role in ensuring that HARE meet societal objectives. However, to date, a careful study of interactions between a regulator and HARE is lacking. In this paper, we report on three user studies which give insights into how to design systems that allow people, acting as the regulatory authority, to effectively interact with HARE. As in the study of political systems in which governments regulate human societies, our studies analyze how interactions between HARE and regulators are impacted by regulatory power and individual (robot or agent) autonomy. Our results show that regulator power, decision support, and adaptive autonomy can each diminish the social welfare of HARE, and hint at how these seemingly desirable mechanisms can be designed so that they become part of successful HARE.Comment: 10 pages, 7 figures, to appear in the 5th International Conference on Human Agent Interaction (HAI-2017), Bielefeld, German

An Annotated Checklist of the Crayfishes (Decapoda: Cambaridae) of Arkansas

Prior to the present study, 56 species with 3 additional subspecies for a total of 59 different taxa of crayfishes were recognized from Arkansas. We add a single species (Carmel Crayfish, Fallicambarus schusteri) to that list, subtract a documented synonym (Procambarus ferrugenius = Procambarus liberorum), update the classification to better reflect recent phylogenetic insights, and provide an updated annotated checklist of the 59 crayfish taxa of presently known from the state. There are 8 endemic species in Arkansas, including the Bayou Bodcau Crayfish (Bouchardina robisoni), Boston Mountains Crayfish (Cambarus causeyi), Hell Creek Cave Crayfish (C. zophonastes), Jefferson County Crayfish (Creaserinus gilpini), Ouachita Burrowing Crayfish (Fallicambarus harpi), Slenderwrist Burrowing Crayfish (F. petilicarpus), Saline Burrowing Crayfish (F. strawni), and Redspotted Stream Crayfish (Faxonius acares). There are also 2 federally endangered species, the Benton County Cave Crayfish (Cambarus aculabrum) and the Hell Creek Cave Crayfish (C. zophonastes) that inhabit Arkansas karst habitat. We expect that additional species will be included in the list with further DNA analyses