Review of Industrial Organization 25: 395–430, 2004.
© 2004 Kluwer Academic Publishers. Printed in the Netherlands.
Economic Analysis at the Federal
, JONATHAN LEVY
, CHUCK NEEDY
, MARK URETSKY
, TRACY WALDON
Federal Communications Commission, Washington DC, U.S.A.
Abstract. This article reviews a number of the major economic issues confronting the
Federal Communications Commission (FCC) over the past year and discusses new ana-
lytic techniques that FCC economists applied to some of those issues. The article also
identiﬁes several areas in which further academic research would be valuable to this
Key words: auctions, diversity measure, Federal Communications Commission, foreclosure,
media ownership, merger simulation, regulation, spectrum policy
Over the past year, economists at the Federal Communications Commis-
sion (FCC) addressed four major policy issues, each presenting a unique
set of challenges. This article describes some of the analyses used in exam-
ining those issues. It also identiﬁes areas in which future research would be
valuable to this agency.
Economic analysis often plays a central role in the FCC’s development
of regulatory policies because the agency is responsible for ensuring that
Martin Perry is serving as FCC Chief Economist on leave from Rutgers University,
New Brunswick NJ. Jonathan Levy is the FCC Deputy Chief Economist and, like Evan
Kwerel and Chuck Needy, works in the FCC’s Ofﬁce of Strategic Planning and Policy
Analysis. Mark Uretsky works in the FCC’s International Bureau and Tracy Waldon in
the FCC’s Media Bureau. All authors are economists except for John Williams, an engi-
neer consultant who advises the FCC on spectrum issues.
Author for correspondence: Jonathan Levy, Room 7-C362, 445 12th Streeet,
SW, Washington, D.C. 20554, U.S.A. Tel.: 202-418-2048; Fax: 202-418-2807; E-mail:
Jonathan.Levy@fcc.gov. The views expressed are those of the authors and do not nec-
essarily reﬂect the views of the FCC.