Dr. Leslie Marx's expert analysis concludes that proposed FCC Incentive Auction restrictions would reduce revenues, risk auction failure

In a report filed with the Federal Communications Commission (FCC), Duke University Professor, Bates White Partner, and former FCC Chief Economist Leslie Marx states that proposals to restrict Verizon's and AT&T's participation in the upcoming Incentive Auction would "put at risk its twin priorities of raising significant revenue and reallocating a substantial amount of spectrum from broadcast to mobile wireless services."

Dr. Marx's analysis provides evidence that the FCC could not impose significant bidding restrictions without materially reducing auction revenues and risking outright auction failure. The filing, written on behalf of Verizon, addresses proposed rules for the FCC's upcoming Incentive Auction for wireless spectrum. Under these proposals, rules would limit Verizon's and AT&T's ability to bid for spectrum. In her analysis, Dr. Marx concludes that despite the claim that auction restrictions might increase revenue by ensuring that smaller firms are not discouraged from participating, proponents of that theory do not offer empirical support for these claims.