Title
Competition in Telecommunications (The Munich Lectures) (Munich Lectures in Economics),New
Delivery time: 8-12 business days (International)
Theoretical models based on the assumption that telecommunications is a natural monopoly no longer reflect reality. As a result, policymakers often lack the guidance of economic theorists. Competition in Telecommunications is written in a style accessible to managers, consultants, government officials, and others. JeanJacques Laffont and Jean Tirole analyze regulatory reform and the emergence of competition in network industries using the stateoftheart theoretical tools of industrial organization, political economy, and the economics of incentives. The book opens with background information for the reader who is unfamiliar with current issues in the telecommunications industry. The following sections focus on four central aspects of the recent deregulatory movement: the introduction of incentive regulation; oneway access (access given by a local network to the providers of complementary segments, such as longdistance or information services); the special nature of competition in an industry requiring twoway access (whereby competing networks depend on the mutual termination of calls); and universal service, in particular the two leading contenders for the competitively neutral provision of universal service: the use of engineering models to compute subsidies and the design of universal service auctions. The book concludes with a discussion of the Internet and regulatory institutions. Copublished with the Center for Economic Studies and the Ifo Institute
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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