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The Effects Of Regulation On Competition And Prices In The United States Mobile Telecommunications Industry
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Book Synopsis The Effects of Regulation on Competition and Prices in the United States' Mobile Telecommunications Industry by : Babette Elizabeth Boliek
Download or read book The Effects of Regulation on Competition and Prices in the United States' Mobile Telecommunications Industry written by Babette Elizabeth Boliek and published by . This book was released on 2007 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
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 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 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.
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 2012-12-06 with total page 134 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.
Author :United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance Publisher : ISBN 13 : Total Pages :548 pages Book Rating :4.F/5 ( download)
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:
Author :United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law Publisher : ISBN 13 : Total Pages :606 pages Book Rating :4.F/5 ( download)
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 606 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Small Business. Special Task Force on the Impact of Telephone Costs Publisher : ISBN 13 : Total Pages :538 pages Book Rating :4.3/5 (91 download)
Book Synopsis Impact of Changes in the Telecommunications Industry on Small Business by : United States. Congress. House. Committee on Small Business. Special Task Force on the Impact of Telephone Costs
Download or read book Impact of Changes in the Telecommunications Industry on Small Business written by United States. Congress. House. Committee on Small Business. Special Task Force on the Impact of Telephone Costs and published by . This book was released on 1984 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Unpredictable Certainty by : National Research Council
Download or read book The Unpredictable Certainty written by National Research Council and published by National Academies Press. This book was released on 1998-02-05 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a key component of the NII 2000 project of the Computer Science and Telecommunications Board, a set of white papers that contributed to and complements the project's final report, The Unpredictable Certainty: Information Infrastructure Through 2000, which was published in the spring of 1996. That report was disseminated widely and was well received by its sponsors and a variety of audiences in government, industry, and academia. Constraints on staff time and availability delayed the publication of these white papers, which offer details on a number of issues and positions relating to the deployment of information infrastructure.
Book Synopsis Essays on Competition and Regulation in the Telecommunications Industry by : Ji Won Baek
Download or read book Essays on Competition and Regulation in the Telecommunications Industry written by Ji Won Baek and published by . This book was released on 2014 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation is composed of three chapters that focus on competition and regulation in the telecommunications industry. The first chapter investigates the main determinants of mobile service prices and evaluates the impact of market structure and regulations on retail prices. Both a simultaneous equations model and a reduced form model are estimated using a panel dataset for 36 countries over the period of 1999-2010. The market concentration of mobile network operators (MNOs) has a statistically significant effect on prices in the reduced form regression. The coefficients of regulatory variables, such as mobile number portability (MNP), mobile virtual network operators (MVNOs) and mobile termination rates (MTR), are not significant in both estimations, suggesting that it is hard to conclude that ex post regulations are effective in mature markets. Country-specific cost factors such as population density, interest rates and unit labor costs have positive impacts on prices. The second chapter examines the structure of the household expenditure on telecommunications services and their relationship with other existing expenditures in South Korea. To estimate the demand for telecommunications services, the linear approximate Almost Ideal Demand System is implemented. The short-run relationship is estimated using a seemingly unrelated regression (SUR) with first differenced series of data, and the long-run relationship is examined through a Vector Error Correction Model (VECM). Both empirical results suggest that the household demand for telecommunications services is income inelastic over the period of 1990.1Q to 2013.2Q while it becomes price elastic after 2006. The results also show that recent telecommunications services have a complementary relationship with public transportation and substitution relationship with cultural services and private education. The third chapter analyzes the optimal features of three-part tariffs in the presence of heterogeneous consumers for the monopoly case and the duopoly case. Under monopoly case, the low demand users consume at the allowance level while the high demand users consume above it. The marginal utilities of consumption for the low demand type and high demand type exceed marginal cost, and the lump sum fee extracts all the surplus of low demand type. Under duopoly, asymmetric equilibria do not exist and only a symmetric three-part tariff can be achieved as an equilibrium where marginal utilities for all consumers equal marginal cost, confirming that a standard Bertrand outcome holds under the three-part tariff with heterogeneous consumers.
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:
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
Book Synopsis Competition and Regulation in Telecommunications by : J. Gregory Sidak
Download or read book Competition and Regulation in Telecommunications written by J. Gregory Sidak and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together academic economists and lawyers to evaluate and compare the regulation of telecommunications markets in Germany and the United States. The unifying theme in all of the pa pers is that the goal of public policy in this area should be to make the broadest and most functional competition possible by means of an ap propriate regulatory framework. Because the European and American telecommunications markets are becoming more intertwined each day, the issues addressed in this volume will be topical to the business, government, and academic communities for some time. For the chairman of the Monopoly Commission, Wernhard Moschel, the opening of the German telecommunications market has been successful in principle. This is clearly recognizable in the case of the competition in long-distance transport. Based on the view that the regulatory authority should make itself obsolete, Professor Moschel advocates an incremental review and gradual reduction of regulation.
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 Competition and Deregulation in Telecommunications by : Thomas James Duesterberg
Download or read book Competition and Deregulation in Telecommunications written by Thomas James Duesterberg and published by . This book was released on 1997 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to this book, the anticipated benefits of the Telecommunications Act of 1996 are proving elusive, as competiton has been slow to rise, and government agencies have been slow to implement the deregulation and market-opening processes specified in the new law. The authors argue that the pace of innovation and the telecom industry's demonstrated capacity to restructure itself efficiently show that the benefits of competition far outweigh the costs of trying to micromanage the industry through regulation.
Book Synopsis An Empirical Analysis of competition, Privatization, and Regulation in telecommunications Market in Africa and Latin America by : Scott J. Wallsten
Download or read book An Empirical Analysis of competition, Privatization, and Regulation in telecommunications Market in Africa and Latin America written by Scott J. Wallsten and published by World Bank Publications. This book was released on 1999 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
