Author: Publisher:
ISBN:
Category : Telecommunication systems
Languages : en
Pages : 960
Book Description
Regulation and Deregulation After the AT&T Divestiture
Author: Publisher:
ISBN:
Category : Telecommunication systems
Languages : en
Pages : 960
Book Description
Regulation and Deregulation After the AT & T Divestiture
Author: After the Breakup
Author: Barry G. ColePublisher: Columbia University Press
ISBN: 9780231073226
Category : Business & Economics
Languages : en
Pages : 524
Book Description
On January 8, 1982, the AT&T divestiture consent decree was announced. A company with $150 billion in assets--more than General Motors, General Electric, U.S. Steel, Eastman Kodak, and Xerox combined--the country's second largest employer with over a million employees, and the nations most widely held security with over three million shareholders, was to be broken up on the first day of 1984. Many economists, government officials, people in the telecommunications industry, and media observers predicted dire consequences for "the best telephone system in the world." Years later, some experts claim the divestiture has been a great success. According to present AT&T Chairman and CEO, Robert Allen, long-distance rates have dropped, local rates have not increased as dramatically as predicted, more households are on the network, other long-distance and equipment companies now effectively compete wit hAT&T, and consumers have received more choices in products, better values, and lower prices. Others are far less positive in their evaluation of divestiture's effects. After the Breakup: Assessing the New Post-AT&T Divestiture Era describes the current state of telecommunications and how the industry has changed in the first decade of divestiture. Drawn from a major project organized by the Center for Telecommunications and Information Studies at Columbia University's Graduate School of Business, this volume offers an objective account of divestiture.
Regulated Firms in Unregulated Markets
Author: Timothy J. BrennanPublisher:
ISBN:
Category : Corporate divestiture
Languages : en
Pages : 66
Book Description
After Divestiture
Author: Paul TeskePublisher: State University of New York Press
ISBN: 1438421958
Category : Political Science
Languages : en
Pages : 184
Book Description
This book analyzes the politics of state regulatory decision-making in telecommunications after the AT&T divestiture in 1984. The author takes a political-economy approach that explains how interest groups and institutional factors have shaped different state policies. He shows that the structure and composition of state regulatory institutions have important effects on pricing and competition in the telecommunications industry. The innovative methodology of this work combines qualitative empirical analysis from the entire U.S. with case studies of eight states. It identifies the deregulation winners and losers by examining the impact of changes in local and long-distance price structures on different groups, including users of telecommunications services, small businesses, residential consumers, and rural residents. The book includes recommendations for improving state policy.
The Failure of Antitrust and Regulation to Establish Competition in Long-distance Telephone Services
Author: Paul W. MacAvoyPublisher: American Enterprise Institute
ISBN: 9780844740614
Category : Competition
Languages : en
Pages : 340
Book Description
MacAvoy shows how antitrust and regulation have failed to make long-distance markets competitive, to the detriment of consumers seeking prices in line with the costs of providing long-distance services.
After the Breakup
Author: Robert W. CrandallPublisher: Brookings Institution Press
ISBN: 9780815705338
Category : Business & Economics
Languages : en
Pages : 192
Book Description
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.
Contrived Competition
Author: Richard H. K. VietorPublisher: Harvard University Press
ISBN: 9780674169623
Category : Business & Economics
Languages : en
Pages : 474
Book Description
And Bank-America, caught short with bad loans and a deep recession in the early eighties, nearly failed before Sam Armacost and then Tom Clausen achieved an amazing turnaround in the mid-1980s.
Deregulation in the Post-divestiture Long-distance Telecommunications Markets
Author: David Eugene BurnsteinPublisher:
ISBN:
Category : Long distance telephone service
Languages : en
Pages : 322
Book Description
Deregulating Telecommunications
Author: Richard S. HigginsPublisher: Wiley
ISBN: 9780471962953
Category : Business & Economics
Languages : en
Pages : 225
Book Description
In 1984, the Department of Justice settled its antitrust caseagainst AT&T. The agreement, embedded in the Modification ofFinal Judgment, led to a divestiture of the local telephoneexchanges from AT&T to the Regional Bell Operating Companies(known as the Baby Bells ). This agreement gave unprecedented powerover a major US industry to one man, Judge Harold Greene of the USDistrict Court of the District of Columbia. The Baby Bells couldnot enter any line of business without approval from Judge Greene.With technological change it became increasingly desirable for theBaby Bells to enter different lines of business, but each attemptwas subject to legal challenge and lengthy, costly litigation. In1994, the Baby Bells mounted a major legal challenge to theModification of Final Judgement (MFJ). As part of their strategy,they asked leading scholars in the field to examine the costs andbenefits of the MFJ and provide evidence in the form of affidavitsregarding its effect. Using a cost-benefit framework, theconclusion of the analysis is that the MFJ should be vacated andcompetition should be allowed in the industry. DeregulatingTelecommunications draws together a group of leading practitionersand academics in the fields of regulation, industrial organisationand antitrust to explore: A cost-benefit analysis of the 1984 AT&T antitrust settlement Theoretical and empirical studies that analyse the results of thesettlement from its inception in 1984 to 1994 An explanation for the recent policy decisions to reduce theamount of regulation in telecommunications Analysis vital to predicting the results of any deregulation intelecommunications in the future This book will prove invaluable to economists interested intelecommunications, as well as those interested in antitrust and in regulation.