The nature of wireless competition

[Commentary] There is more to mobile wireless competition than meets the eye. It’s not about the static efficiency gains associated with economizing on infrastructure costs in sparsely populated areas, but rather about the innovations -- the new and better products and services of all sorts -- that come from dynamic competition between large, complex and constantly evolving platforms and encompasses platform innovations of all sorts, such as AT&T’s successful gamble on the iPhone and T-Mobile’s recent innovations in pricing plans. Dynamic competition is one phenomenon regulators will never be able to mimic or manufacture, but we can hope that, over time, they will learn how to avoid mucking up the works.