WASHINGTON, D.C. - Nobel Laureates in economics Kenneth Arrow of Stanford University and Robert Solow of MIT, as well as fellow author Dennis Carlton of the University of Chicago, will discuss their major study of the consumer welfare and economic effects of communications sector regulations at a Progress & Freedom Foundation Congressional Seminar tomorrow. They will speak and answer questions Tuesday in the Dirksen Senate Office Building, Room 124, from 12:00 to 2:00 p.m. Copies of the new publication will be available at the event.

The study, whose fourth co-author is Nobel Laureate Gary Becker of the University of Chicago, focuses on innovation and regulation. It examines past increases in innovation and investment that have resulted in productivity gains and consumer benefits in the communications sector. The authors will consider future impacts of current regulations and regulatory uncertainty on consumers and the economy. Ample time will be provided for discussion with attendees.

Among the topics to be addressed: Is the battered communications sector poised for a comeback? If so, what are the drivers at work? If not, what can be done in a policy sense to revive this important sector? The Nobelists' study is sponsored by Verizon Communications.

Those interested in attending should register by contacting Stefannie Bernstein at 202-289-8928 or sbernstein@pff.org. Lunch will be served.

The Progress & Freedom Foundation is a market-oriented think tank that studies the digital revolution and its implications for public policy. It is a 501(c)(3) research & educational organization.