Perspectives on the New Economics and Regulation of Telecommunications


Book Description

This volume is a compilation of papers reflecting many of the issues related to telecommunications that are being debated today and are likely to continue to be addressed in the next few years. The papers examine the ways in which economic and technological forces are changing the regulation of telecommunications and the characteristics of the industry itself. After an introduction on issues such as the information highway, industry consolidation, market integration, and constraints on new policies, the papers cover such topics as the changes in Canadian telecommunications and their economics, the role of telecommunications in productivity and competition, the business network concept as an alternative governance structure, competition policy, convergence of technologies, separation of infrastructure from services, European telecommunications policy, and the historical context in which Canada has handled earlier transformations of a technological nature.




The Economics of Antitrust and Regulation in Telecommunications


Book Description

Contributing to a convergence of legal and economic approaches, The Economics of Antitrust and Regulation in Telecommunications integrates economic theory into current EU antitrust policy within the sector. The book addresses the role of competition and regulatory policies on a number of key issues in telecommunications, such as market definition, collective dominance, access to networks, and allocation of scarce resources.




Internet Policy and Economics


Book Description

For over a decade, William Lehr, Lorenzo Pupillo, and their colleagues in academia, industry, and policy have been on the electronic frontier, exploring the implications of the technologies that are revolutionizing communication and culture. In 2002, Cyber Policy and Economics in an Internet Age featured essays that focused on such emerging economic and policy-related issues of universal access, appropriate content, spectrum allocation, taxation, consumer protection, and regulation, with respect to the Internet. In this fully revised and updated edition, entitled Internet Policy and Economics: Challenges and Perspectives, the editors and contributors tackle the most current topics and issues, as the Internet continues to permeate all facets of society. New chapters cover dynamics in the developing world, the implications of e-commerce for fiscal policy, and the impact of peer-to-peer networks on music and the arts, as well as debates over intellectual property rights, privacy issues, and cybercrime. Applying insights from economics, political science, law, business, and communications, the book will serve as essential resource for researchers and students, policymakers and regulators, and industry analysts and practitioners.




Telecom Nation


Book Description

Laurence Mussio examines how federal and provincial public policy tried to keep pace with the diffusion of telecommunications, consumer demand, and a rising tide of technological innovation. Telecommunications regulation struggled to maintain a balance between producer and consumer in an increasingly complex field and policy makers were compelled to defend the national interest in international telecommunications arrangements or by making far-reaching decisions about transcontinental microwave systems and satellites. By the late 1960s national policy makers had embraced the arrival of the computer - especially once it began to be wired into Canada's communications infrastructure. Telecom Nation explores the impact of the computer on government policy and the first attempts to build a "national computer utility" - the beginnings of the Internet - twenty-five years before it became a reality. Based primarily on the rich and largely untapped sources at the National Archives of Canada, Cabinet records, provincial archives, and private sector repositories, Telecom Nation provides an essential background to contemporary public policy issues by examining how governments reconciled technological change, private enterprise, consumer demand, and the public good in communications. It will be required reading for students and specialists interested in telecommunications, public policy, and technological change.




The Economics of Telecommunications Systems


Book Description

The process of formulating and implementing telecommunications policy in the United States often seems chaotic and disorganised, with overlapping responsibility and frequent conflicts among federal and state regulators, Congress, the Administration, and the Federal judiciary. There has never been a consensus on what should change and what should remain unaltered. Telecommunications policy has evolved gradually over a relatively long period of time, resulting in a cumulative major transformation. It is still tied, however, to the Communications Act of 1934. Actions have been taken that have gradually moved policy from traditional public utility regulation of a monopoly to greater reliance on market forces and encouragement of competition. The policies are an amalgam incorporating elements from a wide range of political and economic views. There is nothing endemic in this transformation process to guarantee that the resulting policies have led to greater economic efficiency or that they are better in some subjective sense than alternatives that are available. policies that have been implemented in order to evaluate their impact. An objective evaluation of the impact of a policy affords an opportunity to make adjustments to it based on the realised economic consequences. This approach to policy making can be looked upon as a learning-by-doing exercise. In this book a number of objective studies based on data from various telecommunications systems are presented. These studies discuss and evaluate policies that have been implemented. In a number of instances, the policies have been misguided. Recommendations to correct the most egregious problems are offered.




State Trading in the Twenty-First Century


Book Description

The University of Michigan Press is pleased to announce the first volume in an annual series, The World Trade Forum. The Forum's members include scholars, lawyers, and government and business practitioners working in the area of international trade, law, and policy. They meet annually and discuss integration issues in international economic relations, focusing on a new theme each year. The central topic of the first World Trade Forum is state trading. To what extent has trade liberalization, as we have experienced it over the last fifty years, affected property ownership? Contributors to the 1998 World Trade Forum explore this question, examining both state practice and the regulatory framework. Their discussions are divided into three parts: Part 1 looks at the World Trade Organization's legal framework for state trading enterprises, taking on such issues as monopolies and state enterprises, the WTO Antidumping Agreement and the economies in transition, and relationship of state trading and the Government Purchasing Act. Part 2 deals with regional experiences in state trading (for the EC, United States, Canada, Japan, China, and Russia). Part 3 examines conceptual issues such as auctions as a trade policy instrument and rule-making alternatives for entities with exclusive rights. The conclusion synthesizes the foregoing chapters in discussing the reach of modern international trade law. Contributors are Frederick Abbott, Ichiro Araki, Christian Bach, Jacques H. J. Bourgeois, Thomas Cottier, William J. Davey, Vladimir Dbrentsov, Toni Haniotis, Bernard M. Hoekman, Gary Horlick, Henrik Horn, Robert Howse, Patrick Low, Will Martin, Mitsuo Matsushita, Petros Mavroidis, Aaditya Mattoo, Patrick Messerlin, Constantine Michalopoulos, Kristin Heim Mowry, Stilpon Nestor, Damien Neven, N. David Palmeter, Ernst-Ulrich Petersmann, André Sapir, Diane P. Wood, and Werner Zdouc. Petros Mavroidis is Professor of Law, University of Neuchatel. Thomas Cottier is Professor of Law, Institute of European and International Economic Law, University of Bern Law School.




The Future of Telecommunications Industries


Book Description

This book contains the results of a symposium organized to ask what kind of future old and new players in the telecommunications industries will have given the dynamic changes in technologies and markets. The symposium combined perspectives from industrial practice and academic research originating from North America and Europe. Key issues featuring here are the technological drivers of change, changing market structures and business models, and the nature of future regulation on telecom markets.




The Governance of Telecom Markets


Book Description

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.




The New Investment Theory of Real Options and its Implication for Telecommunications Economics


Book Description

Randall B, Lowe Piper & Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT&T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con cerns centered generally on whether local rates, irrespective of costs, were at a po litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of "continuous surveillance" where, like the state regulator, the appearance of rea sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.




Telecommunications: Economics and Regulation


Book Description

Written by an economist and a former member of the FCC, this work is extremely valuable today because of its detailed coverage of the organization and development of many key precepts still considered basic to the economic regulation of the electronic media. The authors write extensively about the interrelationship of economic and regulatory aspects of public policy and provide an historical overview as well as a close look at regulatory machinery and its functions in the 1930s. Their book is well documented and includes appendices with several key legislative acts and treaties.