Event Transcript March 18, 2004 Avoiding a Tragedy of the Telecommons: Finding the Right Property Rights Regime for Telecommunications Introductory Remarks: Peter W. Huber, Senior Fellow, Manhattan Institute Panel I: Fitting Telecommunications Regulation Into The Property Law Paradigm Moderator: Drew Clark, Senior Writer, National Journals Technology Daily Richard A. Epstein, Professor, University of Chicago Law School PAPER: Takings, Commons and Associations: Why the Telecommunication Act of 1996 Misfired Michael A. Heller, Professor, Columbia University Law School PAPER: The UNE Anticommons Eric Claeys, Professor, St. Louis University Law School PAPER: The 1996 Telecommunications Act and the Constitutional Law of Eminent Domain Panel Respondent: Matt Brill, Senior Legal Advisor to FCC Commissioner Kathleen Q. Abernathy Panel II: How Are Regulatory Incentives Affecting Competition And Investment? Moderator: Tim W. Ferguson, Editor, Forbes Global Thomas W. Hazlett, Senior Fellow, Manhattan Institute for Policy Research PAPER: Spectrum Tragedies Henry E. Smith, Professor, Yale University Law School PAPER: Governing the Tele-Semicommons Respondent: Jay P. Lefkowitz, Former Deputy Assistant to the President for Domestic Policy; Partner, Kirkland & Ellis LLP PAPER: A Sensible Approach to Avoiding a Tragedy of the Telecommons:Sound Policy for the 21st Century Keynote Address: Kathleen Q. Abernathy, Commissioner, Federal Communications Commission The Role of Property Rights in Understanding Telecommunications Regulation WHAT THE PRESS SAID: Telecom FCC Member Credits Mobile Success To Deregulatory Model by Drew Clark, National Journal's Technology Daily, 5-17-04 Abernathy Criticizes Wireline Policies For Failing To Encourage Investment Telecommunications Reports, 5-17-04 Resource Misused: Experts Ponder ‘Tragedy of Tele-Commons’ by Howard Buskirk, Edie Herman, Communications Daily, 5-18-04 BIOGRAPHIES OF CONFERENCE PANELISTS

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