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Author: Christopher R. Knittel Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
While the Telecommunications Act of 1996 introduces competition into local telephone markets at a national level, prior to the Act many states had already restructured their regulatory methods. In particular, many states allowed for competition in both local service and "local long distance" markets prior to 1996. In addition to the expansion of competition, there has been an increased use of price regulation (price caps and price freezes), rather than traditional cost based regulatory methods in determining and updating rates for local exchange and local long distance toll services. Using a three-dimensional panel data set, I investigate whether price regulation and differences in entry conditions in local exchange and local long distance toll markets have had an impact on rate changes for residential local service, business local service, and local long distance toll service for the incumbent local exchange companies. In doing so, I estimate an empirical model that accounts for the stickiness of rates in regulated industries. The model, based on (S,s) models that have developed in a number of literatures, treats firms as maximizing expected profits in the price adjustment costs and regulatory uncertainty resulting from rate hearings, and regulators as controlling profits in the presence of adjustment costs. I find that competition has prompted a significant amount of rate rebalancing that has reduced the amount of cross-subsidization present in these markets. In addition, the findings suggest that price cap regulation leads to higher rates, relative to rate-of-return regulation.
Author: Christopher R. Knittel Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
While the Telecommunications Act of 1996 introduces competition into local telephone markets at a national level, prior to the Act many states had already restructured their regulatory methods. In particular, many states allowed for competition in both local service and "local long distance" markets prior to 1996. In addition to the expansion of competition, there has been an increased use of price regulation (price caps and price freezes), rather than traditional cost based regulatory methods in determining and updating rates for local exchange and local long distance toll services. Using a three-dimensional panel data set, I investigate whether price regulation and differences in entry conditions in local exchange and local long distance toll markets have had an impact on rate changes for residential local service, business local service, and local long distance toll service for the incumbent local exchange companies. In doing so, I estimate an empirical model that accounts for the stickiness of rates in regulated industries. The model, based on (S,s) models that have developed in a number of literatures, treats firms as maximizing expected profits in the price adjustment costs and regulatory uncertainty resulting from rate hearings, and regulators as controlling profits in the presence of adjustment costs. I find that competition has prompted a significant amount of rate rebalancing that has reduced the amount of cross-subsidization present in these markets. In addition, the findings suggest that price cap regulation leads to higher rates, relative to rate-of-return regulation.
Author: The Law The Law Library Publisher: Createspace Independent Publishing Platform ISBN: 9781727879360 Category : Languages : en Pages : 62
Book Description
Special Access for Price Cap Local Exchange Carriers - AT and Corp. Petition for Rulemaking to Reform Regulation of Incumbent Local Exchange Carrier (US Federal Communications Commission Regulation) (FCC) (2018 Edition) The Law Library presents the complete text of the Special Access for Price Cap Local Exchange Carriers - AT and Corp. Petition for Rulemaking to Reform Regulation of Incumbent Local Exchange Carrier (US Federal Communications Commission Regulation) (FCC) (2018 Edition). Updated as of May 29, 2018 In this document, the Commission continues the process of reviewing its special access rules to ensure that they reflect the state of competition today and promote competition, investment, and access to dedicated communications services businesses across the country rely on every day to deliver their products and services to American consumers. The Report and Order initiates a comprehensive data collection and specifies the nature of the data to be collected and the scope of respondents. An initial version of the data collection is attached to the Report and Order as an appendix; the Report and Order delegates authority to the Commission's Wireline Competition Bureau to review and modify the collection to implement the requirements of the Report and Order. This book contains: - The complete text of the Special Access for Price Cap Local Exchange Carriers - AT and Corp. Petition for Rulemaking to Reform Regulation of Incumbent Local Exchange Carrier (US Federal Communications Commission Regulation) (FCC) (2018 Edition) - A table of contents with the page number of each section
Author: The Law The Law Library Publisher: Createspace Independent Publishing Platform ISBN: 9781727879414 Category : Languages : en Pages : 34
Book Description
Special Access for Price Cap Local Exchange Carriers - ATT Corporation Petition - Rulemaking to Reform Regulation of Incumbent Local Exchange Carrier (US Federal Communications Commission Regulation) (FCC) (2018 Edition) The Law Library presents the complete text of the Special Access for Price Cap Local Exchange Carriers - ATT Corporation Petition - Rulemaking to Reform Regulation of Incumbent Local Exchange Carrier (US Federal Communications Commission Regulation) (FCC) (2018 Edition). Updated as of May 29, 2018 In this Report and Order, the Commission suspends, on an interim basis, the Commission's rules allowing for automatic pricing flexibility grants for special access services, pending adoption of new rules. The Commission suspends its pricing flexibility rules in light of evidence that the proxies for measuring actual and potential special access market competition, which are based on collocation by competitive carriers within a Metropolitan Statistical Area (MSA), do not accurately predict whether competition is sufficient to constrain special access prices and deter anticompetitive practices by price cap local exchange carriers. In the Report and Order, the Commission also initiates a process to obtain data needed to conduct a special access market analysis. Based on this forthcoming data collection, the Commission will undertake a robust special access market analysis to determine the extent to which the special access market is competitive and develop special access pricing flexibility rules to replace the collocation-based competitive showings. This book contains: - The complete text of the Special Access for Price Cap Local Exchange Carriers - ATT Corporation Petition - Rulemaking to Reform Regulation of Incumbent Local Exchange Carrier (US Federal Communications Commission Regulation) (FCC) (2018 Edition) - A table of contents with the page number of each section
Author: Michael A. Crew Publisher: Springer Science & Business Media ISBN: 9780792375692 Category : Business & Economics Languages : en Pages : 242
Book Description
Markets, Pricing, and Deregulation of Utilities examines the effects of deregulation on the energy and telecommunications industries in an economic environment that has changed dramatically since deregulation was first introduced in those industries several years ago. The contributors to this book discuss the aspects of deregulation that appear to be succeeding and those that seem to be failing. Within that framework, they offer insight as to the possible next stages of regulatory restructuring and reform. The contents of this book provide a strong theoretical base leading to a better understanding of markets, pricing, and deregulation by utility managers, regulators, and economists.
Author: Nancy L. Rose Publisher: University of Chicago Press ISBN: 022613816X Category : Business & Economics Languages : en Pages : 619
Book Description
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: Gregory L. Rosston Publisher: Routledge ISBN: 1136684476 Category : Language Arts & Disciplines Languages : en Pages : 372
Book Description
The Telecommunications Act of 1996 and the Federal Communications Commission's Local Competition Order are just two examples of the continuing monumental and far-reaching changes occurring throughout the telecommunications industry. At the 1996 Telecommunications Policy Research Conference (TPRC) -- an annual forum for dialogue among scholars and the policymaking community on a wide range of telecommunications issues -- leading industry and academic researchers presented results of their research and insights in key areas of activity, including: *interconnection and competition; *Internet growth and commerce; *Internet regulation and control; and *the political economy of telecommunications regulation. The best of the 1996 TPRC papers are included here, representing the forefront of research in the telecommunications industry. The third in an annual LEA series of volumes based on this important conference, this collection reflects the rapid economic, technological, and social development of telecommunications. It also reflects the current state of research thinking on this issue and provides a foundation for further telecommunications policy analysis.
Author: Tom W. Bell Publisher: Cato Institute ISBN: 9781882577682 Category : Law Languages : en Pages : 176
Book Description
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.
Author: Christopher R. Knittel
Author: Christopher R. Knittel
Author: The Law The Law Library
Author: The Law The Law Library
Author: Christopher Roland Knittel
Author: United States. Federal Communications Commission
Author: Michael A. Crew
Author: Nancy L. Rose
Author: Gregory L. Rosston
Author: Tom W. Bell
Author: OECD