This panel was recorded on December 4, 2009 as part of the conference "Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase." The conference brought together a group of scholars to honor the life and research of Ronald Coase. 2009 marked the 50th anniversary of the publication of Coase’s seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on “The Problem of Social Cost,” and his 100th birthday. The panel included:Moderator: Sam Peltzman, University of Chicago Coase and the New Zealand Spectrum Reforms Charles Jackson, George Washington UniversityUsing Spectrum Auctions to Enhance Competition in Wireless Services Peter Cramton, University of Maryland Evan Kwerel, Federal Communications Commission Greg Rosston, Stanford University Andy Skrzypacz, Stanford University Radio Spectrum and the Disruptive Clarity of Ronald Coase Thomas Hazlett, George Mason University David Porter, Chapman University Vernon Smith, Chapman University The event was sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the China Center for Economic Research, the Milton Friedman Institute for Research in Economics, and the George J. Stigler Center for the Study of the Economy and the State.