The policymaker's dilemma

by Scott D. Anthony

In this research, we use the telecommunications industry to examine the relationship between government intervention and innovation, and reach the perhaps not-surprising conclusion that government actions can have a tremendous impacton the market for innovation. However, we believe the relationship is not as clear-cut as is generally perceived. We believe that there is a more elaborate, complex, and predictable interplay between these two forces and in this paper attempt to present our theory that explains this understated connection. Policymakers' general lack of understanding of...