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Author: Damien Geradin Publisher: Oxford University Press, USA ISBN: 9780199242436 Category : Business & Economics Languages : en Pages : 424
Book Description
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: National Research Council Publisher: National Academies Press ISBN: 0309176700 Category : Computers Languages : en Pages : 240
Book Description
Advancement of telecommunications and information infrastructure occurs largely through private investment. The government affects the rate and direction of this progress through regulation and public investment. This book presents a range of positions and perspectives on those two classes of policy mechanism, providing a succinct analysis followed by papers prepared by experts in telecommunications policy and applications.
Author: Jean-Jacques Laffont Publisher: MIT Press ISBN: 9780262621502 Category : Business & Economics Languages : en Pages : 340
Book Description
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.
Author: Ken Jull Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The intention of this paper is provide a framework that can form the basis for new approaches to the regulation of telecommunication. Three points are fundamental in this regard and have implications for the regulation of telecommunications: First, governments and regulators ought to focus on the prevention of harms and the serving of human needs, in the order of their priority, when they make decisions about the allocation of scarce public resources. These scarce resources must be allocated, across the entire economy, in a manner that will optimally reduce harm and maximize well-being. This approach puts the regulation of telecommunications in its proper perspective. Simply put, we should ask whether it is wise to put significant public resources into the continued detailed regulation of virtually all facets of telecommunications when that money might be spent more wisely in other sectors that prevent harm to people. These sectors include health, the environment and security. This leads to our next point. Second, it is important to emphasize that regulation of competitive markets will encompass risk management and social regulation. Robust regulation that ensures proper risk management and transparency is essential in a competitive economy. In addition, antitrust rules will target anti-competitive behaviour in line with other competitive industries. Third, the regulatory state should offer multiple models that reflect the different needs and interests at stake within both the ex ante and the ex post paradigms. There is growing recognition in legal circles that any sophisticated system ought to offer a full range of models based on the seriousness and economics of the case. In the field of telecommunications regulation, this insight requires (i) that a menu of regulatory approaches be acknowledged and available to regulators, (ii) that principles be articulated for making choices within these approaches, and (iii) that these approaches be applied with an alert sensitivity to subject-matter, the human needs at stake and the economics of a given case. Telecommunication regulation in many countries has suffered as a result of the lack of recognition of the different models available to regulators. A new approach to telecommunications regulation, duly informed by the principles in this paper, would occasion different focal points, different resource allocations, and the use of different tools than is the case at present. Three observations can be made. First, the most intrusive (ex ante, rule-based) approaches are reserved for situations where serious harms are at issue. Such harms may reveal themselves as health and safety issues but may, as well, have an economic dimension - for example, where the pricing of an essential service supplied on a monopoly basis is at issue. Second, principles-based regulation is advocated in situations where technological and market change can quickly overtake any short-term prescriptive rules. Principles thus help the law keep up with technology - something that is crucial in telecommunications. Third, economic regulation has a limited role (in recognition of the competitive nature of most telecommunications markets) and is imposed largely via a principles-based approach. Each one of these systems is ultimately enforced ex post, but will vary with the degree of difficulty. For example, it is easier to enforce a breach of specific terms of prior approval contained in a license compared to proving a breach of general principles. On the other hand, we may want the flexibility of principles that are applied after the fact in certain areas as outlined in this paper.
Author: Paul de Bijl Publisher: Cambridge University Press ISBN: 1139435779 Category : Business & Economics Languages : en Pages : 290
Book Description
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.