Download or read book The Impact of Alternative Forms of State Regulation of AT T on Direct Dial Long Distance Telephone Rates written by Alan Mathios and published by . This book was released on 1987 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Talk is Cheap written by Robert W. Crandall and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid pace of technological change is placing the world's telephone companies in a very difficult position. Fiber optics cables, wireless telephones, digital signal compression, and sophisticated new switching equipment are lowering the cost of providing service and opening the gates to new competition. At the same time, these new technologies are providing the telephone companies with a wide array of new market opportunities. Unfortunately, their status as regulated carriers makes it difficult to exploit these new opportunities and to fend off competitive assaults on their traditional telephone business. As long as they are regulated, they can be accused of using their monopoly services to cross-subsidize new competitive ventures. But partial deregulation and open entry would be a catastrophe for them unless they were allowed to revise their rate structure. There is a widespread misconception that the U.S. telecommunications industry has been "deregulated" and that Canadian authorities are following the U.S. lead. In fact, most services remain regulated, even though some markets, such as long-distance services, equipment sales and rentals, and local services, have been opened up. This book reviews the recent changes in the structure of U.S. and Canadian telecommunications industries and the changes in regulatory policy on both sides of the border. The authors analyze the effects of these changes in regulation on telephone rates in both the local and long-distance markets with particular emphasis on the impacts of regulatory reforms and competition on long-distance rates. They use their results to suggest how regulation should be structured to allow competition to replace monopoly on the road to the information superhighway. The authors contend that for decades misguided regulation of the telephone sector in both Canada and the U.S. denied consumers the benefits of competition, distorted local and long-distance telephone rates, and blocked en
Download or read book The Internet and Telecommunications Policy written by Gerald W. Brock and published by Routledge. This book was released on 2020-08-26 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on the Telecommunications Policy Research Conference which reports on research into telecommunications policy issues. While the conference is now a respectable 23 years old, this is only the second printed edition of selected papers. A new law, the Telecommunications Act of 1996, accelerated the process of integration in the communication industry and made major revisions to the Communications Act of 1934 that increase the incentive for integration within the industry. Although the papers in this volume were written prior to the passage of the new law, their importance is merely enhanced by it. They deal with fundamental, complex policy problems that arise when previously separate segments of the telecommunications industry are integrated, rather than specific regulatory rules that are likely to be changed under the new law. With the passage of this law, the timeframe for developing appropriate policies for an integrated industry has been shortened. Changes expected to occur over a period of several years will now likely occur much more rapidly. These papers provide insights to help guide the transition in the industry. Divided into five parts, this volume: * deals with problems of transforming local exchange telephone service from a monopoly in each geographical area to an interconnected competitive network of networks, * considers the pricing problems that arise in an integrated network carrying traffic of different types across multiple service providers, * examines the problem of achieving interoperability in complex networks, * considers issues of intellectual property that arise in expected integrated networks of the future, and * discusses electronic publication of scholarly journals, copyright protection, and the applicability of copyright law in the digital age.
Download or read book FCC Telephone Price Caps written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and published by . This book was released on 1989 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Incentive Regulation for Public Utilities written by Michael A. Crew and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contributions by leading scholars and practitioners represent some of the best new research in public utility economics and include topics such as the theory of incentive regulation, dynamic pricing, transfer pricing, issues in law and economics, pricing priority service, and energy utility resource planning.
Download or read book Price Caps and Incentive Regulation in Telecommunications written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's rate base and cross-subsidization of its competitive services. A category of alternative regulatory approaches can be classified broadly as social contracts. Under the general strategy of social contract regulation, regulators first delimit a group of regulated core services that they continue to regulate and then stipulate a list of constraints that the utility must agree to meet in the future; in exchange, regulators agree to detariff or deregulate entirely other competitive or nonessential services that the utility may offer. As long as no stipulated constraints are violated, the utility may price freely any service; if it reduces costs, it may keep a share of its profits. According to the National Telecommunications Information Administration (NTIA, 1987), social contract agreements of one form or another have been considered or implemented in a majority of American states.
Download or read book After the Breakup written by Barry G. Cole and published by Columbia University Press. This book was released on 1991 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 1993 with total page 1372 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Telecommunications Pricing written by Bridger M. Mitchell and published by Cambridge University Press. This book was released on 1991-11-29 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Systematically reviews recent innovations in the economic theory of pricing and extends results to the conditions which characterize telecommunications markets
Download or read book The Froehlich Kent Encyclopedia of Telecommunications written by Fritz E. Froehlich and published by CRC Press. This book was released on 2022-01-27 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is volume fifteen of the Encyclopedia of Telecommunications, which covers Radio Astronomy to Submarine Cable Systems in alphabetical listing and information on the contributors
Download or read book FCC Price Cap Proceeding written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Communications and published by . This book was released on 1989 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Utility Regulation written by Kenneth Nowotny and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: David B. Smith This is a book about the application of economic theory to a unique form of social control - public utility regulation. A central theme of this work is to examine the role that economics has played in shaping the rationale and direction of regulatory practices. While economic theory has played an important role in the shaping of regulatory policy in the past, it has an even greater potential role to play in the future as the regulatory community grapples with the many challenges of a changing economic environment. This is a very timely and much needed piece of work that can serve as a reference for decision makers who are facing the challeng ing problems of deregulation and competition. This work is comprised of 13 selected articles that guide the reader from an initial discussion of why we decided to regulate certain industries in the first place to a specific analysis of what role economic theory has played in the electric, natural gas, telecommunications, and water indus tries, and whether it should be allowed to play an even more dominant role in the future. The reader is then provided with a more modern version of what economists mean by the concept of natural monopoly and a menu of policy options that will allow society to derive any benefits from such a market structure.
Download or read book Economic Innovations in Public Utility Regulation written by Michael A. Crew and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is distilled from articles presented at two seminars held at Rutgers -- The State University of New Jersey on October 25, 1991, and May 1, 1992, entitled 'Economic Innovations in Public Utility Regulations'. These contributions represent the best new research on various topics in public utility regulation, including topics in antitrust law, the environmental impact of public utility regulation, incentive regulation, price-cap regulation, and contractual relationships.
Download or read book H R 22 the Postal Reform Act of 1997 written by United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on the Postal Service and published by . This book was released on 1997 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modern Economic Regulation written by Christopher Decker and published by Cambridge University Press. This book was released on 2014-10-30 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing from the most recent work on economic regulation, this book introduces readers to the main principles and examines how economic regulation is applied in four key public utility industries - electricity, gas, water and telecommunications. Written for students and practitioners with little prior knowledge of economic regulation, this is an accessible, non-technical entry point to the subject area, exploring the fundamental questions: Why do we regulate? What are alternatives to regulation? Which institutions are involved in regulation? What have been the impacts of regulation? Readers will gain a clear understanding of the basic principles that apply to all regulated sectors, as well as the regulatory choices that reflect the specific economic and physical characteristics of different industries. Case studies demonstrate connections between regulatory theory and practice, and extensive references provide readers with resources for more in-depth study.
Download or read book How to Regulate written by Thomas A. Lambert and published by Cambridge University Press. This book was released on 2017-08-18 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Markets sometimes fail. But so do regulatory efforts to correct market failures. Sometimes regulations reach too far, condemning good activities as well as bad, and sometimes they don't reach far enough, allowing bad behavior to persist. In this highly instructive book, Thomas A. Lambert explains the pitfalls of both extremes while offering readers a manual of effective regulation, showing how the best regulation maximizes social welfare and minimizes social costs. Working like a physician, Lambert demonstrates how regulators should diagnose the underlying disease and identify its symptoms, potential remedies for it, and their side effects before selecting the regulation that offers the greatest net benefit. This book should be read by policymakers, students, and anyone else interested in understanding how the best regulations are crafted and why they work.
Download or read book Does Economic Governance Matter written by Mehmet Ugur and published by Edward Elgar Publishing. This book was released on 2011-08-31 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a welcome addition to the lively field of economic governance. The editors give a thoughtful review of ideas and landmarks in the literature and an organizing framework; the other chapters are a good mixture of theoretical, empirical, and case studies. The whole will significantly advance our understanding of institutions and economic performance. Avinash Dixit, Princeton University, US Economic governance institutions (rules, norms and enforcement practices) define the cost and incentive structures that influence the decisions of economic actors. They therefore have a significant impact on micro and macro economic performance across countries and time. This book contributes to the growing governance literature in three ways. First, it extends the analysis to new areas such as power asymmetry, regulation, transnational company strategies, and law enforcement. Secondly, it examines the role of formal institutions that shape and enforce the rules/norms codified in law; but also private-ordering institutions that function under the umbrella of the State; and private institutions (such as market rules/norms) that provide reputational and other information that foster compliance. Finally, the book extends and enriches the governance debate, addressing issues such as the determinants of institutional quality and efficiency, and the interaction between actor networks and institutional norms. Does Economic Governance Matter? brings together state-of-the-art research and analysis that will appeal to academics and undergraduate and postgraduate students of economics, public policy, network analysis, corporate governance and business law. The book will also appeal to a wide range of practitioners and policymakers in areas such as regulation, competition, international development, corporate law and macroeconomic policy design.
