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Author : Leland L. Johnson,Rand Corporation
Publisher : Unknown
Page : 66 pages
File Size : 55,9 Mb
Release : 1989
Category : Price regulation
ISBN : IND:30000009635024
Author : Robert W. Crandall,Leonard Waverman
Publisher : Brookings Institution Press
Page : 311 pages
File Size : 40,6 Mb
Release : 2010-12-01
Category : Political Science
ISBN : 9780815719700
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
Author : Vanda Rideout
Publisher : McGill-Queen's Press - MQUP
Page : 274 pages
File Size : 46,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 0773524525
InContinentalizing Canadian TelecommunicationsVanda Rideout examines active political resistance to the radical, neo-liberal transformation of Canadian telecommunications that has been orchestrated by the federal government, big business, and their powerful lobbyists over the last two decades. Rideout focuses on the protection of the public interest, a crucial element neglected by most recent studies, and shows that although alliances have been formed between labour, consumers, and public interest activists, significant disagreements over issues such as free trade, long distance and local competition, and a targeted subsidy program for very low-income Canadians have meant that this united front has not been able to counter the forces of the new neo-liberal telecommunication policy regime.Continentalizing Canadian Telecommunicationsdetails the complex relationships between the various corporate and government interests, shows how the changes they brought about have locked Canada's telecommunications system into the orbit of the US system, and discusses the implications this has for Canadians.
Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 45,6 Mb
Release : 1995
Category : Electronic
ISBN : OCLC:1368741571
Focuses on the distortions in pricing resulting from regulation. Assesses the impact of competition.
Author : Dale E. Lehman,Dennis L. Weisman
Publisher : Springer Science & Business Media
Page : 154 pages
File Size : 42,8 Mb
Release : 2000-09-30
Category : Business & Economics
ISBN : 0792379578
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 : David E. Sappington,Dennis L. Weisman
Publisher : American Enterprise Institute
Page : 416 pages
File Size : 44,5 Mb
Release : 1996
Category : Business & Economics
ISBN : 0844740594
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.
Author : Michael A. Einhorn
Publisher : Springer Science & Business Media
Page : 247 pages
File Size : 40,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461539766
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.
Author : William H. Melody
Publisher : Unknown
Page : 592 pages
File Size : 48,9 Mb
Release : 1997
Category : Teknologisk udvikling
ISBN : IND:30000056672318
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.
Author : Damien Geradin,Michel Kerf
Publisher : Oxford University Press, USA
Page : 424 pages
File Size : 41,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 0199242437
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.
Author : Donald L. Alexander
Publisher : Praeger
Page : 192 pages
File Size : 52,7 Mb
Release : 1997-09-30
Category : Education
ISBN : UOM:39076001859078
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.
Author : Hank Intven
Publisher : Unknown
Page : 350 pages
File Size : 49,8 Mb
Release : 2000
Category : Electronic
ISBN : OCLC:881040932
Author : Fumitoshi Mizutani
Publisher : Edward Elgar Publishing
Page : 292 pages
File Size : 43,7 Mb
Release : 2012-01-01
Category : Law
ISBN : 9781781953617
Covering issues such as deregulation, privatization, organizational reforms, and competition policy, Regulatory Reform of Public Utilities provides a comprehensive summary of regulatory reforms in Japanese public utility industries. Fumitoshi Mizutani expertly explores the main regulatory structures and regulatory reforms in eight Japanese public utility industries: electric power, gas utility, water supply, railways, local bus, postal services, telecommunications, and broadcasting. There are also separate chapters on yardstick regulation, universal service obligations, privatization and structural reforms, and private sector involvement Ð all important issues in Japanese regulatory reform. This unique study reveals that regulatory reform in Japan has distinctive features. It seeks to fill the information gap and widen understanding in the international community in relation to the Japanese experience with regulation and reform of public utility industries. This informative book will prove invaluable to postgraduate students, policymakers, and researchers in fields such as regulation, empirical industrial organization, and public policy.
Author : Nancy L. Rose
Publisher : University of Chicago Press
Page : 619 pages
File Size : 48,9 Mb
Release : 2014-08-29
Category : Business & Economics
ISBN : 9780226138169
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author : OECD
Publisher : OECD Publishing
Page : 333 pages
File Size : 53,6 Mb
Release : 2008-05-29
Category : Electronic
ISBN : 9789264042940
This review analyses the challenges of strengthening regulatory governance in Brazil to improve economic growth, with appropriate regulatory frameworks for core infrastructure sectors.
Author : National Research Council,Division on Engineering and Physical Sciences,Computer Science and Telecommunications Board,Commission on Physical Sciences, Mathematics, and Applications,NII 2000 Steering Committee
Publisher : National Academies Press
Page : 631 pages
File Size : 46,9 Mb
Release : 1998-02-05
Category : Computers
ISBN : 9780309174145
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.