Competition and Technical Change in the U.S. Telephone Industry

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Author :
Publisher : Garland Science
ISBN 13 : 9780815330073
Total Pages : 129 pages
Book Rating : 4.3/5 (3 download)

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Book Synopsis Competition and Technical Change in the U.S. Telephone Industry by : Nakil Sung

Download or read book Competition and Technical Change in the U.S. Telephone Industry written by Nakil Sung and published by Garland Science. This book was released on 1997 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most important public policy questions in the enactment of the U.S. Communication Act of 1996 was whether to allow competition in the local and regional telephone markets. While competition in the long distance telephone market, introduced in the 1960s, is flourishing, local telephone companies, including Baby Bells, still maintain their monopoly position, but rapid technological advances in telecommunications are eroding the established market structure.From the viewpoint of economies, the transition to competitive local and regional telephone markets may be justified only if local telephone companies are not natural monopolies, and if local telephone companies' productivity growth is poorer than that of their competitors. This study presents new pro-competitive evidence on the cost structure of local and regional telephone markets and shows a markedly faster growth in productivity of a competitive long distance telephone company than of local telephone monopolies.This book presents two types of analyses: measurement of total factor productivity (TFP) growth, and the estimation of various cost functions. By considering competitiveness in both analyses, the effect of competition on cost decline or productivity growth is traced, and the relationship between competition and natural monopoly is examined. The author also revives arguments for embodied technical change, which have been ignored in economic literature for a decade.

Competition and Techincal Change in the U.S. Telephone Industry

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Author :
Publisher : Garland Science
ISBN 13 : 1000526054
Total Pages : 60 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Competition and Techincal Change in the U.S. Telephone Industry by : Nakil Sung

Download or read book Competition and Techincal Change in the U.S. Telephone Industry written by Nakil Sung and published by Garland Science. This book was released on 2021-11-18 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997. While local telephone companies still maintain their monopolistic position, rapid technological advance in telecommunications is destroying the established market structure in the local telephone industry. The U.S. Telecommunications Act of 1996 aimed at eliminating any legal barrier which has suppressed technically feasible local competition. This study attempts to provide pro-competitive evidence on the technological or cost structure of the U.S. local telephone industry. In particular, the study presents strong evidence against cost subadditivity of local telephone companies and shows that local telephone companies have been isolated from the disciplinary effects of competition in comparison with their competitive counterparts. The study not only has policy implications for entry and competition in local telephone markets, but also provides a new approach to the measurement of embodied technical change.

Changing the Rules

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Publisher : Brookings Institution Press
ISBN 13 : 9780815723103
Total Pages : 444 pages
Book Rating : 4.7/5 (231 download)

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Book Synopsis Changing the Rules by : Robert W. Crandall

Download or read book Changing the Rules written by Robert W. Crandall and published by Brookings Institution Press. This book was released on 2001-06-29 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1971 competition has begun to replace regulation as a governing force in the telecommunications industry. The breakup of the national telephone monopolies, technological advances, and the worldwide network in telecommunications have brought a revolution in the telecommunications equipment and services industries. These changes have forced legislators and regulators to rethink public policy toward communications. The papers in this book were first presented at a conference organized by Robert Crandall and Kenneth Flamm, pulling together a group of industry professionals and scholars to address the far-reaching implications of the upheaval in the communications industry. The contributors analyze the effects of this increasing competition on standardization, technical innovation, and international rivalry. Changing the Rules offers possible policy options and analyzes their potential effects on the future market structure and the competitive positions of the U.S. computer and communications industries.

After the Breakup

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Publisher : Brookings Institution Press
ISBN 13 : 9780815705338
Total Pages : 192 pages
Book Rating : 4.7/5 (53 download)

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Book Synopsis After the Breakup by : Robert W. Crandall

Download or read book After the Breakup written by Robert W. Crandall and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. telecommunications industry has undergone dramatic changes in recent years that have touched almost every American home and business. The average American can dial almost anywhere in the world directly, store and forward a message, or transmit a fax in less than a minute; often for less than the real cost of a 500-mile telephone call tweny-five years ago. The combination of telecommunications breakthroughs, competition among new and old carriers, and the AT&T breakup has transformed the telephone industry and provided customers with a new array of equipment and services. Robert W. Crandall examines the effects of the AT&T breakup and weighs the costs and benefits to the residential and business consumer. On balance, he finds that the efficiency gains from opening up the telephone industry have more than offset the possible efficiency losses, which may be caused by the sacrifice of economies of scale and scope or the absence of fully compatible equipment and services. The replacement of regulation with competition has led to greater productivity in the telephone industry, a more efficient rate structure, and lower equipment prices. Crandall traces the telecommunications evolution from its early beginnings as pairs of copper wires up through the historic 1982 decision to divest. He investigates the impact of technological changes, competition, and the advent of divestiture on the quality of service, local and interexchange service rates, productive efficiency, and income distribution. He also focuses on problems that linger after the breakup in the increasingly competitive but highly regulated sector.

Technical Change, Markup, Divestiture and Productivity Growth in the U.S. Telecommunications Industry

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Technical Change, Markup, Divestiture and Productivity Growth in the U.S. Telecommunications Industry by : M. Ishaq Nadiri

Download or read book Technical Change, Markup, Divestiture and Productivity Growth in the U.S. Telecommunications Industry written by M. Ishaq Nadiri and published by . This book was released on 1997 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Talk is Cheap

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Publisher : Brookings Institution Press
ISBN 13 : 0815719701
Total Pages : 311 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Talk is Cheap by : Robert W. Crandall

Download or read book Talk is Cheap written by Robert W. Crandall and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid pace of technological change is placing the world's telephone companies in a very difficult position. Fiber optics cables, wireless telephones, digital signal compression, and sophisticated new switching equipment are lowering the cost of providing service and opening the gates to new competition. At the same time, these new technologies are providing the telephone companies with a wide array of new market opportunities. Unfortunately, their status as regulated carriers makes it difficult to exploit these new opportunities and to fend off competitive assaults on their traditional telephone business. As long as they are regulated, they can be accused of using their monopoly services to cross-subsidize new competitive ventures. But partial deregulation and open entry would be a catastrophe for them unless they were allowed to revise their rate structure. There is a widespread misconception that the U.S. telecommunications industry has been "deregulated" and that Canadian authorities are following the U.S. lead. In fact, most services remain regulated, even though some markets, such as long-distance services, equipment sales and rentals, and local services, have been opened up. This book reviews the recent changes in the structure of U.S. and Canadian telecommunications industries and the changes in regulatory policy on both sides of the border. The authors analyze the effects of these changes in regulation on telephone rates in both the local and long-distance markets with particular emphasis on the impacts of regulatory reforms and competition on long-distance rates. They use their results to suggest how regulation should be structured to allow competition to replace monopoly on the road to the information superhighway. The authors contend that for decades misguided regulation of the telephone sector in both Canada and the U.S. denied consumers the benefits of competition, distorted local and long-distance telephone rates, and blocked en

Competition in Telecommunications

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Author :
Publisher : MIT Press
ISBN 13 : 9780262621502
Total Pages : 340 pages
Book Rating : 4.6/5 (215 download)

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Book Synopsis Competition in Telecommunications by : Jean-Jacques Laffont

Download or read book Competition in Telecommunications written by Jean-Jacques Laffont and published by MIT Press. This book was released on 2001 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze regulatory reform and the emergence of competitionin network industries using the state-of-the-art theoretical tools ofindustrial organization, political economy, and the economics ofincentives.

Telecommunications in Transition

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Publisher :
ISBN 13 :
Total Pages : 548 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Telecommunications in Transition by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance

Download or read book Telecommunications in Transition written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance and published by . This book was released on 1981 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition in the Communications Marketplace

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Publisher :
ISBN 13 :
Total Pages : 340 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Competition in the Communications Marketplace by : United States. Congress. House. Committee on Energy and Commerce

Download or read book Competition in the Communications Marketplace written by United States. Congress. House. Committee on Energy and Commerce and published by . This book was released on 2005 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition in the telecommunications industry

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Publisher :
ISBN 13 :
Total Pages : 1348 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Competition in the telecommunications industry by : United States. Congress. House. Committee on Interstate and Foreign Commerce

Download or read book Competition in the telecommunications industry written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1977 with total page 1348 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Competitive Status of the U.S. Electronics Industry

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Author :
Publisher : National Academies
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Competitive Status of the U.S. Electronics Industry by : John G. Linvill

Download or read book The Competitive Status of the U.S. Electronics Industry written by John G. Linvill and published by National Academies. This book was released on 1984 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This eight-chapter report is one of seven industry-specific studies conducted to identify global shifts of industrial technological capacity on a sector-by-sector basis, to relate those shifts in international competitive industrial advantage to technological and other factors, and to assess future prospects for further technological change and industrial development. The methodology of the studies included a series of panel meetings involving discussions between experts, resource personnel, and government agency and congressional representatives. Chapters 1, 2, and 3 examine, respectively, the challenge to United States' leadership in electronics, financial and human resource constraints, and barriers to international trade. Chapters 3 to 7 focus respectively on: the semiconductor industry (considering its size, structure, and international position, the semiconductor manufacturing process, and bases for competition); the computer industry (considering its size, structure, and international position, its changing economics, and bases for competition); the telecommunications industry (considering its size, structure, and international position, developments in transmission technology, and bases for competition); and the consumer electronics industry (examining its size and international position and the factors of Japanese success in the industry). Chapter 8 considers research, capital formation, human resource, and international trade policy options for the U.S. electronics industry. (JN)

Competition and Chaos

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Publisher : Rowman & Littlefield
ISBN 13 : 0815797702
Total Pages : 225 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Competition and Chaos by : Robert W. Crandall

Download or read book Competition and Chaos written by Robert W. Crandall and published by Rowman & Littlefield. This book was released on 2005-04-26 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1996 Telecommunications Act was an attempt to increase competition among telecommunications providers in the United States by reducing regulatory barriers to market entry. This competition was expected to drive innovation in the telecommunications sector and reap economic benefits for both American consumers and telecommunications providers. The legislation, however, had a markedly different impact. While many of the more aggressive providers enjoyed sharp short-term rises in stock market values, they soon faced sudden collapse, leaving consumers with little or no long-term benefit. In Competition and Chaos, Robert W. Crandall analyzes the impact of the 1996 act on economic welfare in the United States and how the act and its antecedents affected the major telecommunications providers. He argues that the act was far too stringent, inviting the Federal Communications Commission and state regulators to micromanage competitive entry into local telecommunications markets. Combined with the bursting of the dot.com and telecom stock market bubbles, this aggressive policy invited new and existing firms to invest billions of dollars unwisely, leading to the 2001–02 collapse of equity values throughout the sector. New entrants into the market invested more than $50 billion in unproductive assets that were quickly wiped out through massive failures. The 1996 act allowed the independent long-distance companies, such as MCI and AT&T, to live a few years longer. But today they are a threatened species, caught in a downward spiral of declining prices and substantial losses. The industry is preparing for an intense battle for market share among three sets of carriers: the wireless companies, the local telephone carriers, and the cable television businesses. Each has its own particular advantage in one of the three major segments of the market—voice, data, and video—but none is assured a clear path to dominance. Although the telecom stock market collapse i

Competition and Productivity Growth

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Competition and Productivity Growth by : Michael Gort

Download or read book Competition and Productivity Growth written by Michael Gort and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper focuses on the relation of competition to changes in productivity. Specifically, it compares the experience of AT&T Long Lines, operating in an increasingly competitive market, with that of eight local telephone monopolies. Both the estimation of total factor productivity growth and the analysis of cost shifts show a markedly faster change in efficiency in the effectively competitive market than for the local monopolies. The paper also examines three channels through which competition produces differential changes in efficiency. The results support, by implication, a policy of permitting entry and competition in local telephone markets.

How America Got On-line

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Publisher : CRC Press
ISBN 13 : 1317462629
Total Pages : 257 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis How America Got On-line by : Alan Stone

Download or read book How America Got On-line written by Alan Stone and published by CRC Press. This book was released on 2015-05-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The telecommunications industry is the fastest growing sector of the US economy. This interdisciplinary study of technopolitical economics traces the industry's evolution from the invention of the telephone to the development of hypercommunications. Primary focus is on AT&T and its rivals.

Competition Policy in the Telecommunications Industry

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Publisher :
ISBN 13 :
Total Pages : 496 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Competition Policy in the Telecommunications Industry by : United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law

Download or read book Competition Policy in the Telecommunications Industry written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law and published by . This book was released on 1992 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Competition in the Telecommunications Industry

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Author :
Publisher : Cambridge, Mass. : Oelgeschlager, Gunn & Hain, Incorporated
ISBN 13 :
Total Pages : 378 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Competition in the Telecommunications Industry by : John Robert Meyer

Download or read book The Economics of Competition in the Telecommunications Industry written by John Robert Meyer and published by Cambridge, Mass. : Oelgeschlager, Gunn & Hain, Incorporated. This book was released on 1980 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Three Studies on Competition and the Technological Structure of the U.S. Telephone Industry

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Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (333 download)

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Book Synopsis Three Studies on Competition and the Technological Structure of the U.S. Telephone Industry by : Nakil Sung

Download or read book Three Studies on Competition and the Technological Structure of the U.S. Telephone Industry written by Nakil Sung and published by . This book was released on 1995 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: