Category: Advait Sunil
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An economic analysis of why rational GMs keep signing irrational-looking contracts and how to redesign their incentives considering risk allocation, cap convexity, and distorted investments
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In 2025, American telecommunications consumers live in a paradox. They rely on their mobile and broadband connections more than ever, yet two of the country’s dominant telecom giants with over 50% of the market share — AT&T and Verizon — offer a choice that increasingly feels like no choice at all.

