Download or read book Bilateral Market Structures and Regulatory Policies in International Telephone Markets written by Heng Ju and published by . This book was released on 2014 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop models of bilateral oligopoly with two-way traffic exchanges to study the impact of competition and government regulatory policies on the international telephone markets. When carriers in each country are required to act collectively in setting a uniform settlement rate for inbound traffic, the proportional return rule (PRR) inflates equilibrium settlement rates and neutralizes equilibrium calling prices, although a direct effect of the PRR is to lower domestic calling prices for fixed settlement rates. Both competition and the PRR tend to increase net settlement payments. The overall market efficiency can be achieved only when multiple channels are available for traffic exchanges. Using a panel of 47 countries that exchanged telephone traffic with the U.S. between 1992 and 2004, we test the effects of bilateral market structures and the U.S. government policies on calling prices and settlement rates and the empirical results support our theoretical findings.
Download or read book Bilateral Market Structures and Regulatory Policies in International Telephone Markets written by Heng Ju and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop models of bilateral oligopoly with traffic exchanges to study the competition and regulatory policies in the international telephone markets. Under the requirement of uniform settlement rates, the proportional return rule (PRR) inflates the rates and hence neutralizes PRR's effect on calling prices. Retail competition and PRR increase net settlement payments. Market efficiency is improved when there are multiple channels for traffic exchanges. Using a panel of 47 countries that exchanged traffic with the United States between 1992 and 2004, we test the effects of bilateral market structures and the U.S. policies. The empirical results support our theoretical findings.
Download or read book Evolving Market Structure Conduct and Policy in Local Telecommunications written by Edwin Allen Rosenberg and published by . This book was released on 2000 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Telecommunication Markets written by Brigitte Preissl and published by Physica. This book was released on 2009-08-29 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Telecommunication markets are characterized by a dynamic development of technology and market structures. The specific features of network-based markets, convergence of previously separate spheres and the complex task of market regulation put traditional theoretical approaches as well as current regulatory policies to the test. This book sheds light on some of the challenges ahead. It covers a vast range of subjects from the intricacies of market regulation to new markets for mobile and internet-related services. The diffusion of broadband technology and the emergence of new business strategies that respond to the technological and regulatory challenges are treated in the book’s 24 chapters.
Download or read book Effects of Regulatory Policy on Market Structure and Performance in OECD Mobile Markets written by Nakil Sung and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition is emerging in OECD Member State mobile telephony markets, albeit somewhat unevenly and at a slower rate. The study addresses the relationship between market structure and performance, and examines the impact of regulatory policy on competition in these markets. A structural model is estimated on a panel of 27 OECD Member States mobile markets for the period 1998-2004. This simultaneous equations model contains equations for market concentration, price, cellular density and profit. Empirical results indicate that mobile telephone market concentration impacts positively on price and profit, supporting the market-power hypothesis. The market-power hypothesis suggests that antitrust or regulatory action may be productive. Also, the study confirms the role of regulatory policy in promoting mobile market competition.
Download or read book A Study on Regulatory Policies in the International Telephone Markets written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The provision of international telephone calls requires a settlement arrangement between countries in traffic exchanges. A call-termination charge, or "settlement rate", is paid from the call-initiating country to the terminating one. Around 1980, the U.S. government attempted to improve efficiency by unilaterally introducing competition into its domestic market, supplemented with rules on carriers designed to avoid an unfavorable position in settlement negotiations with other countries. In particular, the FCC required all U.S. carriers to act collectively when negotiating settlement rates with foreign carriers and apply a Proportional Return Rule (PRR) to share foreign settlement income in accordance with their market shares of outbound. The dissertation tries to evaluate the FCCs policies and identify the factors that can derive the market efficiency. Chapter 2 analyzes a scenario that competing carriers in a country jointly determine a uniform settlement rate for foreign incoming traffic. Under the PRR, an increase in domestic competition reduces retail prices but also increases net settlement payments to other countries. Moreover, fixing the level of retail competition, the PRR cannot reduce retail prices, but increases the U.S.'s net settlement payments, contrary to the FCCs intent. Chapter 3 discusses two other scenarios. The first one is that carriers from two countries choose settlement rates in a cooperative fashion of Nash bargaining. The equilibrium settlement rate is lower than the one under non-cooperative regime. The second model, multiple routes relaxes the Uniformity requirement. When there are multiple routes to exchange traffic between two countries, or there is competition at the settlement services, the retail competition can steer the market outcomes toward the efficient level. Chapter 4 empirically examines the above theoretical predictions. I constructed a measurement of the intensity of the PRR for each international route in each year. I fo.
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 2004-03-22 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Telecommunications written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Communications and published by . This book was released on 1987 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transforming Global Information and Communication Markets written by Peter F. Cowhey and published by MIT Press. This book was released on 2012-01-13 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation in information and communication technology (ICT) fuels the growth of the global economy. How ICT markets evolve depends on politics and policy, and since the 1950s periodic overhauls of ICT policy have transformed competition and innovation. For example, in the 1980s and the 1990s a revolution in communication policy (the introduction of sweeping competition) also transformed the information market. Today, the diffusion of Internet, wireless, and broadband technology, growing modularity in the design of technologies, distributed computing infrastructures, and rapidly changing business models signal another shift. This pathbreaking examination of ICT from a political economy perspective argues that continued rapid innovation and economic growth require new approaches in global governance that will reconcile diverse interests and enable competition to flourish. The authors (two of whom were architects of international ICT policy reforms in the 1990s) discuss this crucial turning point in both theoretical and practical terms.
Download or read book OECD Review of Telecommunication Policy and Regulation in Mexico written by OECD and published by OECD Publishing. This book was released on 2012-01-30 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication reviews the telecommunication market in Mexico, examines the current policy and regulatory framework of the sector and puts forward proposals for reform in order to develop competition in the market.
Download or read book The Microstructure of Government Securities Markets written by Mr.Peter Dattels and published by International Monetary Fund. This book was released on 1995-11 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.
Download or read book International Capital Markets written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-12-08 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive survey of recent developments in international financial markets, including developments in emerging capital markets, bond markets, major currency markets, and derivative markets. The report focuses on efforts by the major industrial countries to strengthen the management of financial risk and prundential oversight over the international banking system. It also critically evaluates existing mechanisms for international cooperation of financial supervision and regulation and proposes the development of international banking standards.
Download or read book Communications Regulation written by and published by . This book was released on 2004 with total page 1590 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Building Telecom Markets written by Whasun Jho and published by Springer Science & Business Media. This book was released on 2013-08-27 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mobile telecommunication industry has been one of the fastest growing industries in the global economy since the late 1990s. As the first country to offer commercial Code Division Multiple Access (CDMA) cellular service in the world, Korea was able to jump right into the digital mobile markets, enhancing its status as a leading manufacturer of mobile equipment. While the growth of the telecom industry occurred with the emergence of worldwide market-oriented regulatory reform and liberalization in telecommunications, the state-market relationship in Korea evolved from state monopoly toward “centralized governance” and later toward “flexible governance,” which is substantially different from “liberal governance” of the US. This book examines the uniqueness of Korean regulatory reforms of the mobile telecommunication sector, and argues that the market-oriented regulatory reform and liberalization should be explained by focusing on the interactions among the state, the private sector, and international political economic environment. It will appeal to scholars and policy-makers alike concerned with market regulation, Asian development and political economy.
Download or read book The Handbook of Global Media and Communication Policy written by Robin Mansell and published by John Wiley & Sons. This book was released on 2014-03-03 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Global Media and Communication Policy offers insights into the boundaries of this field of study, assesses why it is important, who is affected, and with what political, economic, social and cultural consequences. Provides the most up to date and comprehensive collection of essays from top scholars in the field Includes contributions from western and eastern Europe, North and Central America, Africa and Asia Offers new conceptual frameworks and new methodologies for mapping the contours of emergent global media and communication policy Draws on theory and empirical research to offer multiple perspectives on the local, national, regional and global forums in which policy debate occurs
Download or read book Global Information Systems and Technology written by P. Candace Deans and published by IGI Global. This book was released on 1993-12-31 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the technological and managerial challenges of operating in the international environment are being addressed through global IT applications at the functional level of the organization. Global Information Systems and Technology: Focus on the Organization and Its Functional Areas provides a forum for identifying the specific impacts of IT in each of these areas and for understanding how the various challenges and solutions in the functional areas are being integrated via information technology. With a total of 27 chapters, this book examines several functional areas -- marketing, financial services, accounting, manufacturing and logistics, research and development, human resources -- all within the context of today's international business enterprise.
Download or read book Global Competition Policy written by Edward Montgomery Graham and published by Peterson Institute. This book was released on 1997 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is growing consensus among international trade negotiators and policymakers that a prime area for future multilateral discussion is competition policy. Competition policy includes antitrust policy (including merger regulation and control) but is often extended to include international trade measures and other policies that affect the structure, conduct, and performance of individual industries. This study includes country studies of competition policy in Western Europe, North America, and the Far East (with a focus on Japan) in the light of increasingly globalized activities of business firms. Areas where there are major differences in philosophy, policy, or practice are identified, with emphasis on those differences that could lead to economic costs and international friction. Alternatives for eliminating these costs and frictions are discussed, including unilateral policy changes, bilateral or multilateral harmonization of policies, and creation of new international regimes to supplement or replace national or regional regimes.
