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Regulation And Entry Into Telecommunications Markets
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Book Synopsis Regulation and Entry into Telecommunications Markets by : Paul de Bijl
Download or read book Regulation and Entry into Telecommunications Markets written by Paul de Bijl and published by Cambridge University Press. This book was released on 2003-01-09 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses telecommunications markets from early to mature competition, filling the gap between the existing economic literature on competition and the real-life application of theory to policy. Paul De Bijl and Martin Peitz focus on both the transitory and the persistent asymmetries between telephone companies, investigating the extent to which access price and retail price regulation stimulate both short- and long-term competition. They explore and compare various settings, such as non-linear versus linear pricing, facilities-based versus unbundling-based or carrier-select-based competition, non-segmented versus segmented markets. On the basis of their analysis, De Bijl and Peitz then formulate guidelines for policy. This book is a valuable resource for academics, regulators and telecommunications professionals. It is accompanied by simulation programs devised by the authors both to establish and to illustrate their results.
Book Synopsis Regulation and the Evolution of the Global Telecommunications Industry by : Anastassios Gentzoglanis
Download or read book Regulation and the Evolution of the Global Telecommunications Industry written by Anastassios Gentzoglanis and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: After decades of liberalization of the telecommunications industry around the world and technological convergence that allows for increasing competition, sector-specific regulation of telecommunications has been on the decline. As a result, the telecommunications industry stands in the middle of a debate that calls for either a total deregulation of access to broadband infrastructures or a separation of infrastructure from service delivery. This book proposes new approaches to dealing with the current and future issues of regulation of telecommunication markets on both a regional and a global scale. This volume represents a valuable compendium of ideas regarding global trends in the telecommunications industry that focus on market and regulatory issues and company strategies. With an international cast of contributors, Regulation and the Evolution of the Global Telecommunications Industry also provides insight into topics including: mobile Internet development, structural function and separation, global experiences with next generation networks, technology convergence and the role of regulation, and the regulatory impact on the balance between static and dynamic efficiencies. The empirical evidence and experiences presented here illustrate the diversity of thoughts and research that characterize this important area of academic and business research. Thus, it will be a critical reference for scholars and students of regulatory economics, policy and finance and researchers and administrators of the telecom industry.
Book Synopsis Dynamic Regulation and Entry in Telecommunications Markets by : Paul de Bijl
Download or read book Dynamic Regulation and Entry in Telecommunications Markets written by Paul de Bijl and published by . This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze a repeated setting of an asymmetric, differentiated telecommunications market with an incumbent and an entrant. The entrant may roll out its own network or use parts of the incumbent's network. The incumbent is established in the market, while the entrant gradually builds up a track record for quality. We investigate different entry strategies and regulatory policies and discuss entrants' incentives to invest in network depending on regulatory choices.
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 Global Telecommunications Market Access by : Jennifer A. Manner
Download or read book Global Telecommunications Market Access written by Jennifer A. Manner and published by Artech House. This book was released on 2002 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Telecommunications Market Access offers you a solid understanding of the regulatory, economic, business, public policy and other considerations associated with entry into global telecommunications markets from a commercial, governmental and legal perspective. The primary focus of this book is on the global telecommunications regulatory environment and how it impacts market access strategies and implementation of these strategies. You are presented with case studies and a global view of the progression of telecommunications to help you better see how global markets are evolving from being dominated by monopoly service providers to one where choice has become a reality for consumers.
Book Synopsis Telecommunication Markets by : Brigitte Preissl
Download or read book Telecommunication Markets written by Brigitte Preissl and published by Springer Science & Business Media. This book was released on 2009-06-12 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: Telecommunication markets are characterized by a dynamic development of technology and market structures. The specific features of network-based markets, convergence of previously separate spheres and the complex task of market regulation put traditional theoretical approaches as well as current regulatory policies to the test. This book sheds light on some of the challenges ahead. It covers a vast range of subjects from the intricacies of market regulation to new markets for mobile and internet-related services. The diffusion of broadband technology and the emergence of new business strategies that respond to the technological and regulatory challenges are treated in the book’s 24 chapters.
Book Synopsis Entry in Telecommunications' Markets by : Miguel Godinho de Matos
Download or read book Entry in Telecommunications' Markets written by Miguel Godinho de Matos and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deployment of Next Generation Networks (NGNs) is attractive from both technical and social perspectives, but market forces may not suffice to trigger the desired levels of investment. Cave (2004) and the European Commission (2010) describe how National Regulatory Authorities (NRAs) have adopted different policies to support NGN deployment worldwide. However, Cambini and Jiang (2009), Guthrie (2006) and Valletti (2003) show that a clear linkage between the existing regulatory mechanisms and their impact on incentives for investment is hard to establish. As discussed by (Ferreira and Regateiro 2008), Geographically Segmented Regulation (GSR) - application of sub-national regulatory regimes - is a regulatory framework that can be used to create incentives and controls for the deployment of NGNs. The spirit and scope of GSR are broad, but so far most of the discussion focuses on the interaction of GSR with the regulation of wholesale telecommunication markets. Coincidently, the analysis of the dynamics of wholesale telecommunication markets has been a particularly hot topic in telecom policy research since the introduction of the 1996 Telecom Act in the U.S (Armstrong, Doyle et al. 1996; Laffont and Tirole 2001). The purpose of this paper is to study how the price of wholesale together with the enforcement of a GSR framework might impact the deployment of NGNs. We present a game theoretic model that determines the number of infrastructure providers and virtual firms that enter green-field regions as a function of the wholesale prices set by the regulator. Firm entry occurs in multiple markets characterized by the demand for telecom service and the costs to deploy the appropriate infrastructure to meet demand. The latter are largely determined by household density. We use this model to analyze several types of regions where NGNs can be deployed - rural areas, urban areas and downtown areas. By predicting how many firms are likely to enter each market, our model provides fundamental information for regulators to decide the best type of policy a region might require to ensure availability of telecommunications service: if no entry occurs the region is a candidate for universal service; if only one provider deploys infrastructure, the region might require wholesale regulation; when two or more providers deploy infrastructure, competition is likely to emerge. Using engineering data from publicly available sources such as (Banerjee and Sirbu 2006), (Sigurdsson H. 2006) and (Wittig, Sinha et al. 2006), and a simulation software we developed, we show how different wholesale prices can determine the competitive nature and structure of telecommunications markets. We show that low wholesale prices can attract a disparate number of virtual providers that erode the profitability of infrastructure providers and their incentives to invest. We also show that high wholesale prices can deter the entry of virtual providers and incentivize investment, but will not necessarily maximize welfare which can be higher in situations where a single provider invests in infrastructure opening his network to virtual providers at reasonable prices. We show that highly populated areas are likely to develop into competitive telecommunication markets while regions with low household density will only see very limited investment in network infrastructures and little or no competition. Such asymmetries make the case for GSR persuasive, but we show that supply side interdependencies among markets make the implementation of GSR a non-trivial task. We prove by example that changes in regulation in very competitive markets can have negative consequences in interrelated, but less competitive market. Furthermore, we show that the “n-plus” rule of thumb criteria used to guide many real world GSR cases may lead to severe consumer welfare reductions.
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 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 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.
Book Synopsis On the Regulation of Telecommunications Markets by : Manfred Joseph Holler
Download or read book On the Regulation of Telecommunications Markets written by Manfred Joseph Holler and published by . This book was released on 1999 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Governance of Telecom Markets by : Antonio Manganelli
Download or read book The Governance of Telecom Markets written by Antonio Manganelli and published by Springer Nature. This book was released on 2020-11-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a critical comprehensive summary of the coevolution of telecom markets, rules and public institutions over the last 25 years, focusing on the challenges that regulators and policy makers have been facing. Even if the perspective of the book is European (as the EU regulatory framework is examined), most of the economic and institutional issues addressed are common to all telecom markets in advanced economies. The book addresses some traditional fundamental topics in the telecom regulation literature, as well as some hot-button topics in the current policy debate, e.g., ultrafast broadband and 5G networks, the relationship between investments and competition, the sector digitalisation and the role of OTTs. All these are relevant to students, researchers, and policy makers interested to get a sound understanding of the sector, its many dimensions and coevolutionary patterns.
Book Synopsis Competition and Regulation in Telecommunications Markets by : Paul de Bijl
Download or read book Competition and Regulation in Telecommunications Markets written by Paul de Bijl and published by . This book was released on 2000 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regulators' Revenge by : Tom W. Bell
Download or read book Regulators' Revenge written by Tom W. Bell and published by Cato Institute. This book was released on 1998 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Telecommunications Act of 1996 has failed to fulfill its deregulatory promise. The act in many cases has replaced regulated monopoly with eerily similar regulated competition. Only markets that are truly free will innovate and remain healthy in the long run. These essays suggest how to move toward free markets in telecommunications.
Book Synopsis Telecommunications Law and Regulation by : Ian Walden
Download or read book Telecommunications Law and Regulation written by Ian Walden and published by OUP Oxford. This book was released on 2009-02-19 with total page 963 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the last edition of the book was published, there have been a number of important developments in the telecommunications industry, for example the operational separation of BT in the UK, which may prove a model for the rest of Europe in dealing with incumbent operators, and the debate over "network neutrality" in the US, which is dominating the roll-out of the infrastructure.Telecommunications Law and Regulation is fully updated and contains new chapters on technology and markets, and capacity agreements. Other topics addressed in this new edition include the consequences of convergence within an EU and international context, including the blurring of conduit and content regulations; the implications of IP and Next Generation Networks; issues of communication privacy in the context of the "war on terrorism", and how these impact on the commercialoperations of service providers; the obtaining and trading of spectrum, with governments and regulators looking to fully exploit the"digital dividend"; and the application of ex post competition law to the sector, as governments attempt to deregulate competitive markets. The book examines all aspects of EU 2003regime; implementation issues, and the proposed reforms arising from the 2006 review.Written by leading experts in the field, it offers comprehensive coverage of the law and regulatory structures relating to telecommunications. It is essential reading for legal practitioners involved in the communications industry and of interest to management consultants, bankers and accountants who will need to be aware of the legal implications of this fast changing area. It is also a highly accessible and thought-provoking book for postgraduate study.
Book Synopsis The Telecoms Trade War by : Mark Naftel
Download or read book The Telecoms Trade War written by Mark Naftel and published by Bloomsbury Publishing. This book was released on 2001-01-15 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: If one were to believe the politicians and pundits in the trade press,the world is in midst of a “telecoms revolution,” resulting from (the) deregulation and new competitive opportunities represented by the 1997 World Trade Organisation Agreement on Basic Telecommunications Services. This may be true. Unfortunately, however, the actions of many regulators and industry participants more accurately reveal not a telecoms “revolution” but instead a growing telecoms trade war that is dangerously close to spiralling out of hand. In this book, Naftel and Spiwak review U.S. and European competition and regulatory initiatives post-WTO and provide both a useful roadmap to today's U.S., EU and WTO telecoms regulation and an examination of various case studies to illustrate their points. In so doing, the authors discover unfortunately the sad reality that, despite the political rhetoric, regulators on both sides of the Atlantic have eschewed innovative and indeed productive solutions to create a market structure conducive to long-term competitive rivalry. Instead, the authors demonstrate that current policies reveal a growing cynicism towards the maximisation of consumer welfare that will be difficult - if not outright impossible- to remove.
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
