|The Mission of the Manhattan Institute is
foster greater economic choice and
The Center for the Digital Economy studies public-policy issues in the Information Technology sector, where emerging technologies present policymakers with new challenges. The Center injects economic reasoning and empirical analysis into ongoing debates. It aims to improve understanding by applying three perspectives:
Law and Economics. By subjecting various legal institutions to standard economic analysis, the effectiveness of alternative regulatory regimes can be evaluated. Which laws are designed to encourage efficiency? Which pass the market test?
Public Choice. Legislators, regulators, and executive branch officials operate in a highly competitive environment. Explaining how and why regulatory regimes exist necessarily brings about scrutiny of the political forces, and bargains, shaping public policy.
Policy Implementation. Contrasting the costs and benefits of alternative approaches, the Center explores transitional devices capable of motivating pro-consumer policies.
The Center brings these three perspectives to bear on a wide range of problems, including:
* Spectrum allocation—using markets to alleviate wireless traffic jams
Confronted with these and other problems, regulators have steered between the heavily regulated model of traditional public-utilities, and the laissez faire of Silicon Valley. The resulting policies have at times been confused. The center provides both a theoretical framework, and practical agenda, for clarifying policy options. The result, it is hoped, will be a road-map through the terrain of new technologies, which are increasingly important both to our economic development, as well as to the performance of democratic institutions.
For more information on the Center for Digital Economy,
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