CRA was retained by several rural telephone companies in a disputed proceeding to consider a change in regulatory policy governing how rural carriers are funded to meet state broadband universal service obligations. CRA’s expert analyzed the anticipated economic effect of the proposed policy on prices, market structure, costs to taxpayers, efficiency, and social welfare and provided testimony before the relevant state public utilities commission.
Merger simulation in second-score auctions: A nested logit model
In a recent Economics Letters article, CRA’s Martino De Stefano and Serge Moresi show how to improve the second-score auction model that is often used to...