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 : 1000524590
Total Pages : 142 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 142 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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Author :
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 : 0815705336
Total Pages : 189 pages
Book Rating : 4.8/5 (157 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 189 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.

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.

Talk is Cheap

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 9780815719700
Total Pages : 314 pages
Book Rating : 4.7/5 (197 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 314 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

Telecommunications in Transition

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Author :
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:

Shaping American Telecommunications

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Publisher : Routledge
ISBN 13 : 1135690642
Total Pages : 438 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Shaping American Telecommunications by : Christopher Sterling

Download or read book Shaping American Telecommunications written by Christopher Sterling and published by Routledge. This book was released on 2006-08-15 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shaping American Telecommunications examines the technical, regulatory, and economic forces that have shaped the development of American telecommunications services. This volume is both an introduction to the basic technical, economic, and regulatory principles underlying telecommunications, and a detailed account of major events that have marked development of the sector in the United States. Beginning with the introduction of the telegraph and continuing through to current developments in wireless and online services, authors Christopher H. Sterling, Phyllis W. Bernt, and Martin B.H. Weiss explain each stage of telecommunications development, examining the interplay among technical innovation, policy decisions, and regulatory developments. Offering an integrated treatment of the interplay among technology, policy, and economics as key factors defining the development of the telecommunications sector in the United States, this volume also provides: *background material to facilitate understanding of each sector; *contexts for many so-called "new" issues, problems, and trends, demonstrating origins from years or decades in the past; and *careful annotation, documentation, and reference tables to enable further research on the topics discussed. This unique multidisciplinary approach provides a balanced view of U.S. telecommunications history, in context with relevant economic, legal, social, and technical analyses. As such, it is essential reading for advanced students in telecommunications needing to understand how the telecommunications industry and service developed to its current form. The volume will also serve as a supplemental text in courses on telecommunications regulation, and it will be of value to professionals in the field seeking context and background for their daily work.

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

Social Objectives and Competition in Common Carrier Communications

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Author :
Publisher :
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Social Objectives and Competition in Common Carrier Communications by : Nina W. Cornell

Download or read book Social Objectives and Competition in Common Carrier Communications written by Nina W. Cornell and published by . This book was released on 1980 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition in the telecommunications industry

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Author :
Publisher :
ISBN 13 :
Total Pages : 1364 pages
Book Rating : 4.F/5 ( 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 1364 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Cooperation and Competition in Civilian Space Activities

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Publisher :
ISBN 13 :
Total Pages : 482 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis International Cooperation and Competition in Civilian Space Activities by :

Download or read book International Cooperation and Competition in Civilian Space Activities written by and published by . This book was released on 1985 with total page 482 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 : 380 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 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Organizational Learning in the Global Context

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Publisher : Routledge
ISBN 13 : 1351913360
Total Pages : 278 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Organizational Learning in the Global Context by : Michael Kenney

Download or read book Organizational Learning in the Global Context written by Michael Kenney and published by Routledge. This book was released on 2017-03-02 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizational learning is an area of study that focuses on models and theories about the way an organization learns and adapts. This volume investigates how various global and regional intergovernmental organizations, states and national bureaucracies, as well as nongovernmental organizations, exploit experience and knowledge to change their understanding of the world, their policies and their behaviours. Drawing upon and synthesizing organizational, social and individual-level learning theories, the cases explicate various learning processes, learning by illicit actors, and deterrents to organizational learning. The twelve case studies of this volume consider organizational learning associated with multiple issue areas including the United States embargo against Cuba, food security in the European Union, the Russian energy sector, Colombian drug trafficking, terrorist groups, the Catholic Church, and foreign aid agencies. Based entirely on original research, the volume is relevant to international relations, comparative politics, organizational sociology and policy studies.

Modified Final Judgment

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Modified Final Judgment by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance

Download or read book Modified Final Judgment written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and published by . This book was released on 1989 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mergers and Competition in the Telecommunications Industry

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Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Mergers and Competition in the Telecommunications Industry by : United States. Congress. Senate. Committee on the Judiciary

Download or read book Mergers and Competition in the Telecommunications Industry written by United States. Congress. Senate. Committee on the Judiciary and published by . This book was released on 1997 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: