Leave
the dismal
to us.
Arlington Economics scholars have particular expertise in experimental economics, telecommunications policy, environmental markets, electricity pricing, and antitrust, and a hard-earned reputation for independent analysis.
AE LLC economists apply sophisticated analytical tools to a wide range of challenging issues in both domestic and international markets. Importantly, they also bring a pragmatic sense to the problems they tackle, and are able to communicate complex ideas to non-technical audiences.
Case Studies
Arlington Economics LLC researches questions involving market structure, auction design, auction bidding strategy, and public policy.
Market Structure
Auction Design
Auction Bidding Strategy
Public Policy
Selected Research
- Vernon L. Smith, Conduct, Rules and the Origins of Institutions, Journal of Institutional Economics (Sept. 2015).
- David Grether, David Porter & Matt Shum, Cyber-shilling in Automobile Auctions: Evidence from a Field Experiment, American Economic Journal: Microeconomics (Aug. 2015).
- Vernon L. Smith, Adam Smith: Homo Socialis, Yes; Social Preferences, No; Reciprocity Was to Be Explained, Review of Behavioral Economics (July 2015).
- Brice Corgnet, Roberto Gonzalez, Praveen Kujal & David Porter, The Effect of Earned vs. House Money on Price Bubble Formation in Experimental Asset Markets, Review of Finance (Aug. 2014).
- Thomas W. Hazlett, The Rationality of Regulation of the U.S. Broadcast Spectrum in the 1934 Communications Act, Review of Industrial Organization (Aug. 2014).
- Cary Deck, David Porter & Vernon Smith, Double Bubbles in Assets Markets with Multiple Generations, Journal of Behavioral Finance (June 2014).
- Thomas W. Hazlett & Brent Skorup, Tragedy of the Regulatory Commons: LightSquared and the Missing Spectrum Rights, Duke Law & Technology Review (Dec. 2014).
- Thomas W. Hazlett & Sarah Oh, Exactitude in Defining Rights: Radio Spectrum and the ‘Harmful Interference’ Conundrum, Berkeley Technology Law Journal (2013).
- Thomas W. Hazlett & Joshua D. Wright, The Law and Economics of Network Neutrality, Indiana Law Review (2012).
- Thomas W. Hazlett, Roberto Muñoz & Diego Avanzini, What Really Matters in Spectrum Allocation Design, Northwestern Journal of Technology & IP Law (Jan. 2012).
- Thomas Hazlett, David Porter & Vernon Smith, “Incentive Auctions” — Economic and Strategic Issues, Working Paper (June 12, 2012).
- Thomas W. Hazlett, David Porter & Vernon Smith, Radio Spectrum and the Disruptive Clarity of Ronald Coase, Journal of Law & Economics (June 12, 2012).
- Joshua Wright and Michael Baye, Is Antitrust Too Complicated for Generalist Judges? The Impact of Economic Complexity & Judicial Training on Appeals, Journal of Law & Economics (Feb. 2011).
- Thomas W. Hazlett & Joshua D. Wright, The Law and Economics of Network Neutrality, Indiana Law Review (2012).
- Thomas W. Hazlett, Roberto Muñoz & Diego Avanzini, What Really Matters in Spectrum Allocation Design, 10 Northwestern Journal of Technology & IP Law (2012).
- Thomas Hazlett and Evan Leo, The Case for Liberal Spectrum Licenses: A Technical and Economic Perspective, Berkeley Technology Law Journal (forthcoming).
- Thomas Hazlett, Tragedy T.V.: Rights Fragmentation and the Junk Band Problem, Arizona Law Review (Spring 2011).
- Thomas Hazlett and Dennis Weisman, Market Power in U.S. Broadband Services, Review of Industrial Organization (March 2011).
- David Porter and Steve Rassenti, “Combinatorial Auctions,” chapter in the Wiley Encyclopedia of Operations Research and Management Science (2011).
- Thomas Hazlett and Ralitza Grigorova-Minchev, Policy-Induced Competition: The Case of Cable TV Set-Top Boxes, Minnesota Journal of Law, Science & Technology (2011).
- Joshua Wright and Bruce Kobayashi, Intellectual Property and Standard Setting, ABA Handbook on the Antitrust Aspects of Standards Setting (2010).
- Michael Faulkender, Inside the Black Box: The Role and Composition of Compensation Peer Groups, Journal of Financial Economics (May 2010).
- Vernon Smith, Theory and Experiment: What are the questions? Journal of Economic Behavior and Organization (Jan. 2010).
- Joshua Wright, An Evidence Based Approach to Exclusive Dealing and Loyalty Discounts, Global Competition Policy (July 2009).
- Thomas Hazlett and Roberto Munoz, A Welfare Analysis of Spectrum Allocation Policies, RAND Journal of Economics (Autumn 2009).
- Joshua Wright and Bruce Kobayashi, Intellectual Property and Standard Setting, ABA Handbook on the Antitrust Aspects of Standards Setting (2010).
- Michael Faulkender, Inside the Black Box: The Role and Composition of Compensation Peer Groups, Journal of Financial Economics (May 2010).
- Thomas Hazlett, David Porter, and Vernon Smith, Paper for Markets, Firms, and Property Rights: A Celebration of the Research of Ronald Coase, Conference at the University of Chicago School of Law (Dec. 4-5, 2009).
- Joshua Wright, An Evidence Based Approach to Exclusive Dealing and Loyalty Discounts, Global Competition Policy (July 2009).
- Thomas Hazlett and Roberto Munoz, A Welfare Analysis of Spectrum Allocation Policies, RAND Journal of Economics (Autumn 2009).
- Thomas Hazlett and Roberto Munoz, Spectrum Allocation in Latin America: An Economic Analysis, Information Economics and Policy (Nov. 2009).
- David Porter, Stephen Rassenti, William Shobe, Vernon Smith, and Abel Winn, The Design, Testing and Implementation of Virginia’s NOx Allowance Auction, Journal of Economic Behavior & Organization (Feb. 2009).
- Thomas Hazlett and Anil Caliskan, Natural Experiments in U.S. Broadband Regulation, Review of Network Economics (Dec. 2008).
- Thomas Hazlett, Property Rights and Wireless License Values, Journal of Law and Economics (Aug. 2008). Abstract | Full Text | PDF.
- Reshmaan Hussam , David Porter and Vernon Smith, Thar She Blows: Can Bubbles Be Rekindled with Experienced Subjects?, American Economic Review (June 2008).
- Vernon Smith, Erik Kimbrough, and Bart Wilson, Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-Distance Trade, American Economic Review (June 2008).
- Thomas Hazlett, A Law & Economics Approach to Spectrum Property Rights: A Response to Professors Weiser & Hatfield, George Mason Law Review (Summer 2008) (read the other paper in this debate).
- Thomas Hazlett, A Rejoinder to Weiser and Hatfield on Spectrum Rights, George Mason Law Review (Summer 2008) (read the other paper in this debate).
- Vernon Smith, et al., The Promise of Prediction Markets, Science (May 2008).
- Thomas Hazlett, Optimal Abolition of FCC Spectrum Allocation, Journal of Economic Perspectives (Winter 2008).
- Thomas Hazlett, Some Dynamics of High-Tech Merger Analysis in General and with Respect to XM-Sirius, Journal of Competition Law & Economics (2008).
- Thomas Hazlett, Giancarlo Ibarguen, and Wayne Leighton, Property Rights to Radio Spectrum in Guatemala and El Salvador: An Experiment in Liberalization, Review of Law and Economics (2007).
- Thomas Hazlett, Vertical Integration in Cable Television: The FCC Evidence (Oct. 2007).
- Thomas Hazlett, Wireless Carterphone: An Economic Analysis (Apr. 2007).
- David Porter and Vernon Smith, FCC License Auction Design: A 12-Year Experiment (Mar. 2007).
- Thomas Hazlett and Coleman Bazelon, Market Allocation of Radio Spectrum, International Telecommunications Union (Jan. 2007).
In the News
- Bartley J. Madden & Vernon L. Smith, Give The FDA Some Competition With Free To Choose Medicine, Forbes (Dec. 1, 2015).
- Harold Feld & Thomas W. Hazlett, Speed kills, but Spectrum Bureaucracy Failed to Apply the Brakes, The Hill (June 12, 2015).
- Thomas W. Hazlett, How to Neuter the Net Revolution, Time (Nov. 11, 2014).
- Interview with Thomas W. Hazlett in Scott Berinato, Cable Providers Win Even in an a La Carte World, Harvard Business Review (Oct. 22, 2014).
- Vernon L. Smith, The Lingering, Hidden Costs of the Bank Bailout, Wall Street Journal (July 23, 2014).
- Thomas W. Hazlett & Joshua D. Wright, Micromanaging the Web Would Be a Macro Mistake: The FCC doesn’t seem to realize that antitrust law is enough to ensure fairness, Wall Street Journal (July 13, 2014).
- Thomas W. Hazlett & Scott Wallsten, Taking from the Poor and Giving to the ConnectED, The Hill (Feb. 19, 2014).
- Thomas Hazlett, Gravitational Shift: Competition in Mobile Phones Has Supplanted Competition Among Networks, Barron’s (March 31, 2012).
- Vernon Smith, The Road Ahead: Insolvency, Policy, & Economic Stress, Newsweek (Aug. 15, 2011).
- Vernon Smith, et al., Are Capitalists Happier?, Reuters (Aug. 12, 2011).
- Thomas Hazlett, Googling Innovation, Financial Times (June 30, 2011).
- Thomas Hazlett, Television For The 21st Century, The Hill (June 13, 2011).
- Thomas Hazlett, FCC Net Neutrality Rules and Efficiency, Financial Times (March 29, 2011).
- Vernon Smith, Mired in Disequlibrium: Do for Households What the Fed Sought for Banks, Newsweek (Jan. 24, 2011).
- Thomas Hazlett, Fred Kahn’s First-Class Flight, Financial Times (Dec. 31, 2010).
- Thomas Hazlett, Shooting Blanks on Wireless Policy, Financial Times (Oct. 5, 2010).
- Thomas Hazlett, Is Google More Open Than Apple? Financial Times (July 15, 2010).
- Thomas Hazlett, Putting Economics Above Ideology, Barron’s (July 12, 2010).
- Thomas Hazlett’s Net Neutrality paper submitted to the FCC (April 23, 2010).
- Thomas Hazlett: Net Neutrality: Time for Evidence-Based Policy (Financial Times, Apr. 17, 2010).
- Richard Thaler’s New York Times article on Thomas Hazlett’s spectrum proposal: The Buried Treasure in Your TV Dial (Feb. 27, 2010).
- Arts Technica article on U.S. House hearings on Comcast/NBC merger: Congress Told that Comcast-NBC Merger a Big Crapshoot (Feb. 26, 2010; cites Thomas Hazlett as “one of America’s leading antitrust experts”).
- Thomas Hazlett in the Financial Times: Google’s China Syndrome (Feb. 2, 2010).
- Vernon Smith and Steven Gjerstad in the Financial Times Economists’ Forum: Housing, Depressions, and Credit Collapses (Jan. 24, 2010).
- Thomas Hazlett’s testimony before the Federal Communications Commission, National Broadband Plan Workshop: Review and Discussion of Broadband Deployment Research (Dec. 10, 2009) [Workshop].
- Thomas Hazlett in the Financial Times: Ronald Coase and the Radio Spectrum (Dec. 16, 2009).
- Thomas Hazlett “talks turkey” to TV Broadcasters in TVNewsCheck: Putting a Price Tag on TV Spectrum (Nov. 23, 2009).
- Vernon Smith in Forbes: Governing the Commons: No One Should Now Say “Elinor Who?” (Oct. 10, 2009).
- Thomas Hazlett in the Financial Times: The Broadband Numbers Racket (Sept. 17, 2009).
- Thomas Hazlett in Business Week: The Misguided Urge to Regulate Wireless (July 27, 2009).
- Thomas Hazlett in the Financial Times: A Letter to the new FCC Chair, Mr. Julius Genachowski (June 27, 2009).