A new report from the Free State Foundation, “The ‘Third Way’ for Broadband Regulation: Goldilocks or the Big Bad Wolf?” by Dennis L. Weisman, provides good reasons for policymakers to avoid overregulation of the Web.
Weisman, a professor of economics at Kansas State University and the editor of the Review of Network Economics, writes, “In a market economy, the policy default is not economic regulation, but rather reliance upon the market for providing the requisite competitive discipline. Regulatory intervention is warranted only in the case of a non-transitory market failure and then only when the expected benefits of regulation exceed the costs.
Read it here: http://www.freestatefoundation.org/images/The_Third_Way_for_Broadband_Regulation_060810.pdf
Bruce Edward Walker was managing editor of InfoTech & Telecom News from 2010 to 2012.
