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Synopsis
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. Jean-Jacques Laffont and Jean Tirole analyze regulatory reform and the emergence of competition in network industries using the state-of-the-art 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; one-way access (access given by a local network to the providers of complementary segments, such as long-distance or information services); the special nature of competition in an industry requiring two-way 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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About the Author
Jean-Jacques Laffont is Professor of Economics at the Université des Sciences Sociales de Toulouse and the Institut Universitaire de France and Director of the Institut d'Economie Industrielle. Jean Tirole is Scientific Director at the Institut d'Economie Industrielle, Researcher at CERAS (of the Ecole Nationale des Ponts et Chaussées), and Visiting Professor at the Massachusetts Institute of Technology.
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- PublisherMit Pr
- Publication date1999
- ISBN 10 0262122235
- ISBN 13 9780262122238
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages325
- Rating
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Competition in Telecommunications (The Munich Lectures) (Munich Lectures in Economics)
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Competition in Telecommunications (The Munich Lectures) (Munich Lectures in Economics)
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The MIT Press, Cambridge, Massachusetts and London, England, 1999
ISBN 10: 0262122235
ISBN 13: 9780262122238
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Competition in Telecommunications
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ISBN 10: 0262122235
ISBN 13: 9780262122238
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