Arlington Economics scholars have expertise in business strategy, experimental economics, telecommunications policy, intellectual property, environmental markets, electricity pricing, government regulation, 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

• Vertical Integration in Cable
• The XM-Sirius Merger

Auction Design

• The Cassini Resource Exchange
• Virginia's NOx Allowance Auction

Auction Bidding Strategy

• The FCC's AWS Auction

Public Policy

• Universal Service Fund
• Cable TV Franchising

Industry Analysis

• The Demand for Radio Spectrum
• Transitioning Beyond Terrestrial Broadcast Television

Selected Research
• Cary Deck & David Porter, Prediction Markets in the Laboratory, Economic Science Institute Working Paper No. 13-05 (Jan., 2013).
• Thomas Hazlett & Sarah Oh, Exactitude in Defining Rights: Radio Spectrum and the 'Harmful Interference' Conundrum, Berkeley Technology Law Journal (forthcoming, 2013).
• 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 (forthcoming).
• 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 (forthcoming).
• Thomas W. Hazlett & Joshua D. Wright, The Law and Economics of Network Neutrality, Indiana Law Review (forthcoming).
• 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).
• 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).
• 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).

In The News
• Joshua Wright sworn in as new FTC commissioner, Washington Post (Jan. 13, 2013). Prof. Wright, who had been an Academic Associate at Arlington Economics in addition to a professor of law at George Mason University, enters public service. He is an excellent addition to the Commission, and we wish him well in his new position.
• Vernon Smith cited in, Obamas Mortgage Modification Program a Colossal Flop, Investor's Business Daily (Dec. 12, 2012).
• Thomas Hazlett, The iPhone Turns Five, Wall Street Journal (June 26, 2012).
• 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).