Rev Ind Organ (2014) 45:201–202 DOI 10.1007/s11151-014-9440-1 The 80th Anniversary of the 1934 Communications Act and the Inception of the Federal Communications Commission Michelle Connolly Received: 8 August 2014 / Accepted: 18 August 2014 / Published online: 3 September 2014 © Springer Science+Business Media New York 2014 For the 80th anniversary of the 1934 Communications Act and the creation of the modern Federal Communications Commission (FCC), Lawrence White and I invited experts in the ﬁeld of telecommunications to reﬂect upon aspects of the 1934 Act and the FCC of their choosing for this special edition of the Review of Industrial Organiza- tion. We are pleased to have received ﬁve excellent articles that cover a range of topics from the decision to pass the 1934 Communications Act, historic spectrum allocation and reallocation, competitive aspects of spectrum transactions, regulation and com- petition in the broadcast industry, and ﬁnally the role of the FCC in merger reviews. Thomas Hazlett considers the origins of the 1934 Communications Act and eval- uates three competing theories about the motivation of lawmakers for passing what appeared essentially to re-enact the 1927 Radio Act. Hazlett challenges Coase’s (1959) “error” theory and the “public interest” hypothesis by Moss
Review of Industrial Organization – Springer Journals
Published: Sep 3, 2014
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