Policy Deterrence: Strategic Investment in U.S. Broadband -- by Karam Kang, Mo Xiao

We thank Gaurab Aryal, Nathan Canen, Hülya Eraslan, Doug Hanley, Ken Hendricks, Jean-Francois Houde, Qing Huang, Zhao Li, Charles Murry, Anh Nguyen, Aniko Öry, Mattias Polborn, Michelle Sovinsky, Richard Van Weelden, and Hye Young You for their invaluable comments, and the participants at seminars and conferences. The authors have no financial relationships relevant to this research. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.