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Price Caps In Telecommunications Regulatory Reform
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Book Synopsis Price Caps in Telecommunications Regulatory Reform by : Leland L. Johnson
Download or read book Price Caps in Telecommunications Regulatory Reform written by Leland L. Johnson and published by . This book was released on 1989 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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
Book Synopsis Price Caps and Incentive Regulation in Telecommunications by : Michael A. Einhorn
Download or read book Price Caps and Incentive Regulation in Telecommunications written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's rate base and cross-subsidization of its competitive services. A category of alternative regulatory approaches can be classified broadly as social contracts. Under the general strategy of social contract regulation, regulators first delimit a group of regulated core services that they continue to regulate and then stipulate a list of constraints that the utility must agree to meet in the future; in exchange, regulators agree to detariff or deregulate entirely other competitive or nonessential services that the utility may offer. As long as no stipulated constraints are violated, the utility may price freely any service; if it reduces costs, it may keep a share of its profits. According to the National Telecommunications Information Administration (NTIA, 1987), social contract agreements of one form or another have been considered or implemented in a majority of American states.
Book Synopsis Designing Incentive Regulation for the Telecommunications Industry by : David E. Sappington
Download or read book Designing Incentive Regulation for the Telecommunications Industry written by David E. Sappington and published by American Enterprise Institute. This book was released on 1996 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies new advances in economic theory regarding the asymmetry of information between firms and their regulators to the design of improved telecommunications regulation.
Book Synopsis Talk is Cheap: the Promise of Regulatory Reform in North American Telecommunications by :
Download or read book Talk is Cheap: the Promise of Regulatory Reform in North American Telecommunications written by and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the distortions in pricing resulting from regulation. Assesses the impact of competition.
Book Synopsis The Telecommunications Act of 1996: The “Costs” of Managed Competition by : Dale E. Lehman
Download or read book The Telecommunications Act of 1996: The “Costs” of Managed Competition written by Dale E. Lehman and published by Springer Science & Business Media. This book was released on 2000-09-30 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be `based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with `insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act.
Book Synopsis Telecommunications Policy by : Donald L. Alexander
Download or read book Telecommunications Policy written by Donald L. Alexander and published by Praeger. This book was released on 1997-09-30 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely collection of essays, leading economic and communication scholars examine major policy issues confronting federal and state regulators in the telecommunications industry. The essays describe how past regulatory decisions have contributed to a growing tension between emerging competition and the preservation of specific social objectives like the continuance of universal service, and thus provide a unique perspective on the current public policy debates. Although each author discusses a different policy issue, the common theme in this volume is the compelling argument that past regulatory decisions, which were often motivated by political compromises rather than sound economic analysis, are the primary source of inefficiency that exists in the telecommunications industry today. This insight points to potential harm that legislators may create from ignoring economic forces when deregulating an industry. The Telecommunications Act of 1996 is an example in which deregulation has created more, not less, regulatory barriers affecting competitors. The authors challenge policy makers to consider no regulation to insure that competitive forces determine prices, quantities, and quality of service for the vast array of telecommunication services available in today's marketplace.
Book Synopsis Telecom Reform by : William H. Melody
Download or read book Telecom Reform written by William H. Melody and published by . This book was released on 1997 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analiza: El propósito y la experiencia de la regulación; Nuevas tecnologías, redes y mercados; Gestión de recursos públicos; Eficiencia, equidad y protección del consumidor; Herramientas básicas de regulación; Aspectos especiales que afectan a los países en vías de desarrollo; Cuestiones futuras sobre redes inteligentes y comercio electrónico.
Book Synopsis Price Cap Regulation of Telecommunications Services by : Ingo Vogelsang
Download or read book Price Cap Regulation of Telecommunications Services written by Ingo Vogelsang and published by . This book was released on 1988 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Controlling Market Power in Telecommunications by : Damien Geradin
Download or read book Controlling Market Power in Telecommunications written by Damien Geradin and published by Oxford University Press, USA. This book was released on 2003 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling market power is a crucial issue in liberalised telecommunications markets. By comparatively analysing five countries, this book explores how the regulatory framework should be designed.
Book Synopsis The Performance of the State Telecommunications Industry Under Price-cap Regulation by : Jaison R. Abel
Download or read book The Performance of the State Telecommunications Industry Under Price-cap Regulation written by Jaison R. Abel and published by . This book was released on 2000 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance Publisher : ISBN 13 : Total Pages :608 pages Book Rating :4.0/5 ( download)
Book Synopsis Financial Market Regulatory Reform by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance
Download or read book Financial Market Regulatory Reform 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 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Effective is State PUC Regulation of Telecommunications and what Changes are Needed? by : Andrew C. Barrett
Download or read book How Effective is State PUC Regulation of Telecommunications and what Changes are Needed? written by Andrew C. Barrett and published by . This book was released on 1988 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reviving Regulatory Reform by : Marlo Lewis
Download or read book Reviving Regulatory Reform written by Marlo Lewis and published by . This book was released on 2005 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This report has a twofold purpose: reinvigorate public debate on regulatory reform, and help policymakers fashion a more affordable, effective, and accountable regulatory system. The report is organized as follows. Section II examines the role of regulatory policy in sabotaging the 1990s economic boom. It finds that Federal Communications Commission (FCC) regulations, which subjected the telecommunications industry to a "what's yours is mine" regime of infrastructure socialism and price control, inflicted trillion-dollar losses on an industry that was a key driver of the nation's economic growth. Regulatory excess contributed to and prolonged the recession. The section concludes that Congress and the president, who are entrusted with stewardship of the U.S. economy, cannot afford to leave major regulatory decisions in the hands of unaccountable bureaucrats. Section III tackles head on the opinion that regulatory reform is a pipedream--a thankless quest fraught with political peril and little chance of success. The chapter argues that although reformers in the 104th, 105th, and 106th Congresses failed to establish cost-benefit analysis and risk-assessment as touchstones of regulatory decision-making, they also achieved some notable successes. The Unfunded Mandates Relief Act (UMRA) has discouraged Congress from imposing new regulatory burdens on state and local governments. The Regulatory Flexibility Act, as amended by Small Business Regulatory Enforcement Fairness Act (SBREFA) and buttressed by President Bush's Executive Order 13272, has, in some measure, reined in regulatory costs and agency discretion. The section recommends that future reform efforts be clearly based on three recognized principles of good government: cost disclosure, political accountability, and competition. Section IV examines the basic flaws of the current process. Regulatory costs are large, growing, and, what is more disturbing, uncontrolled. Federal fiscal discipline is indeed weak, but federal regulatory discipline is practically non-existent. Many regulations function as implicit taxes, with far-reaching effects on consumer prices, employment, and innovation. Yet, nothing in the current process requires or even allows policymakers to make explicit choices about how much of the public's resources regulatory agencies should control, or how regulatory authority should be allocated among alternate uses of the same resources. Moreover, most regulatory decisions are made by bureaucrats--officials over whom "We, the people" have little, if any, control. Americans live under a constitutionally dubious regime of regulation without representation. Section V surveys initiatives reformers have proposed, adopted, or enacted during the past three decades, and identifies two main types: policing reforms and checks and balances reforms. Policing reforms aim via rules of rulemaking and centralized review to regulate the regulators. Checks and balances reforms seek to increase Congress's responsibility for regulatory decisions, create inter-agency competition, or foster competition between agency experts and outside experts. Both types will be needed to make the regulatory system more affordable, effective, and accountable. Section VI outlines steps to liberate the telecom industry from infrastructure socialism. Congress should amend the Telecommunications Act to phase out forced access regulation and price controls as quickly as possible. Section VII discusses several near-term, mid-term, and long-term options for improving the regulatory process. Because of its complexity and controversial character, the most ambitious long-term reform--regulatory budgeting--is discussed separately, in section VIII. The most important recommendations for policymakers presented in sections VII and VIII may be summarized as follows: (1) Make agencies compete for the right to score the costs and benefits of their regulatory proposals ... (2) Require congressional approval before rules are effective ... (3) Undertake pilot projects to explore the feasibility of regulatory budgets ... --Competitive Enterprise Institute web site.
Book Synopsis Dynamics of Price Regulation by : Gary Biglaiser
Download or read book Dynamics of Price Regulation written by Gary Biglaiser and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the dynamics of price regulation for an industry adjusting to exogenous technological progress. First, we characterize the optimal capacity path and replacement cycles in a neoclassical investment model. Second, we show that naive rate-of-return regulation, which ignores components of economic depreciation, eventually results in a deficient level of capacity due to excessively high retail prices burdened by the need to recover the underdepreciated costs of historical investments. Third, we explain how price-cap regulation leads to more efficient capital replacement decisions compared to naive rate-of-return regulation, and we show how finite price-cap horizons distort capital replacement decisions compared to optimal regulation. Finally, we interpret recent regulatory reforms in telecommunications markets.
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.
Book Synopsis Regulatory Reform of Telecommunications by : Felix Chin
Download or read book Regulatory Reform of Telecommunications written by Felix Chin and published by . This book was released on 1980 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: