Competition and Chaos: U.S. Telecommunications since the 1996 Telecom Act

4 avg rating
( 1 ratings by Goodreads )
 
9780815716174: Competition and Chaos: U.S. Telecommunications since the 1996 Telecom Act
View all copies of this ISBN edition:
 
 


The 1996 Telecommunications Act was an attempt to increase competition among telecommunications providers in the United States by reducing regulatory barriers to market entry. This competition was expected to drive innovation in the telecommunications sector and reap economic benefits for both American consumers and telecommunications providers. The legislation, however, had a markedly different impact. While many of the more aggressive providers enjoyed sharp short-term rises in stock market values, they soon faced sudden collapse, leaving consumers with little or no long-term benefit.


In Competition and Chaos, Robert W. Crandall analyzes the impact of the 1996 act on economic welfare in the United States and how the act and its antecedents affected the major telecommunications providers. He argues that the act was far too stringent, inviting the Federal Communications Commission and state regulators to micromanage competitive entry into local telecommunications markets. Combined with the bursting of the dot.com and telecom stock market bubbles, this aggressive policy invited new and existing firms to invest billions of dollars unwisely, leading to the 2001–02 collapse of equity values throughout the sector. New entrants into the market invested more than $50 billion in unproductive assets that were quickly wiped out through massive failures. The 1996 act allowed the independent long-distance companies, such as MCI and AT&T, to live a few years longer. But today they are a threatened species, caught in a downward spiral of declining prices and substantial losses. The industry is preparing for an intense battle for market share among three sets of carriers: the wireless companies, the local telephone carriers, and the cable television businesses. Each has its own particular advantage in one of the three major segments of the market—voice, data, and video—but none is assured a clear path to dominance. Although the telecom stock market collapse is now history and the survivors are investing once again, Crandall concludes that the regulators have failed to adapt to the chaos to which they contributed.


"synopsis" may belong to another edition of this title.

About the Author:



Robert W. Crandall is a senior fellow in the Economic Studies program at the Brookings Institution, where his research has focused on telecommunications and cable television regulation, industrial organization and policy, and the changing regional structure of the U.S. economy. His previous books include Broadband: Should We Regulate Internet Access? (Brookings, 2002), Telecommunications Liberalization on Two Sides of the Atlantic (Brookings, 2001) and Who Pays for Universal Service? (Brookings, 2000).


Review:

"Valuable as a resource on the rapidly changing telecommunications industry and as a case study of how partial regulatory reform can fail to create the environment in which the reform's objectives can be met....Highly recommended." —E. Magenheim, Swarthmore College, CHOICE

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Robert W. Crandall
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Quantity Available: 1
Seller:
Books-FYI, Inc.
(Cadiz, KY, U.S.A.)
Rating
[?]

Book Description Condition: New. Seller Inventory # 23M6Q70006RO

More information about this seller | Contact this seller

Buy New
US$ 27.30
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

2.

Robert W. Crandall
Published by BROOKINGS INSTITUTION, United States (2005)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Paperback Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description BROOKINGS INSTITUTION, United States, 2005. Paperback. Condition: New. Language: English. Brand new Book. The 1996 Telecommunications Act was an attempt to increase competition among telecommunications providers in the United States by reducing regulatory barriers to market entry. This competition was expected to drive innovation in the telecommunications sector and reap economic benefits for both American consumers and telecommunications providers. The legislation, however, had a markedly different impact. While many of the more aggressive providers enjoyed sharp short-term rises in stock market values, they soon faced sudden collapse, leaving consumers with little or no long-term benefit. In Competition and Chaos, Robert W. Crandall analyzes the impact of the 1996 act on economic welfare in the United States and how the act and its antecedents affected the major telecommunications providers. He argues that the act was far too stringent, inviting the Federal Communications Commission and state regulators to micromanage competitive entry into local telecommunications markets. Combined with the bursting of the and telecom stock market bubbles, this aggressive policy invited new and existing firms to invest billions of dollars unwisely, leading to the 2001-02 collapse of equity values throughout the sector. New entrants into the market invested more than $50 billion in unproductive assets that were quickly wiped out through massive failures. The 1996 act allowed the independent long-distance companies, such as MCI and AT& T, to live a few years longer. But today they are a threatened species, caught in a downward spiral of declining prices and substantial losses. The industry is preparing for an intense battle for market share among three sets of carriers: the wireless companies, the local telephone carriers, and the cable television businesses. Each has its own particular advantage in one of the three major segments of the market -voice, data, and video -but none is assured a clear path to dominance. Although the telecom stock market collapse is now history and the survivors are investing once again, Crandall concludes that the regulators have failed to adapt to the chaos to which they contributed. Seller Inventory # AAN9780815716174

More information about this seller | Contact this seller

Buy New
US$ 32.14
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

3.

Robert W. Crandall
Published by BROOKINGS INSTITUTION, United States (2005)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Paperback Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description BROOKINGS INSTITUTION, United States, 2005. Paperback. Condition: New. Language: English. Brand new Book. The 1996 Telecommunications Act was an attempt to increase competition among telecommunications providers in the United States by reducing regulatory barriers to market entry. This competition was expected to drive innovation in the telecommunications sector and reap economic benefits for both American consumers and telecommunications providers. The legislation, however, had a markedly different impact. While many of the more aggressive providers enjoyed sharp short-term rises in stock market values, they soon faced sudden collapse, leaving consumers with little or no long-term benefit. In Competition and Chaos, Robert W. Crandall analyzes the impact of the 1996 act on economic welfare in the United States and how the act and its antecedents affected the major telecommunications providers. He argues that the act was far too stringent, inviting the Federal Communications Commission and state regulators to micromanage competitive entry into local telecommunications markets. Combined with the bursting of the and telecom stock market bubbles, this aggressive policy invited new and existing firms to invest billions of dollars unwisely, leading to the 2001-02 collapse of equity values throughout the sector. New entrants into the market invested more than $50 billion in unproductive assets that were quickly wiped out through massive failures. The 1996 act allowed the independent long-distance companies, such as MCI and AT& T, to live a few years longer. But today they are a threatened species, caught in a downward spiral of declining prices and substantial losses. The industry is preparing for an intense battle for market share among three sets of carriers: the wireless companies, the local telephone carriers, and the cable television businesses. Each has its own particular advantage in one of the three major segments of the market -voice, data, and video -but none is assured a clear path to dominance. Although the telecom stock market collapse is now history and the survivors are investing once again, Crandall concludes that the regulators have failed to adapt to the chaos to which they contributed. Seller Inventory # AAN9780815716174

More information about this seller | Contact this seller

Buy New
US$ 33.28
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

4.

Robert W. Crandall
Published by Brookings Institution
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Paperback Quantity Available: 1
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description Brookings Institution. Paperback. Condition: New. New copy - Usually dispatched within 2 working days. Seller Inventory # B9780815716174

More information about this seller | Contact this seller

Buy New
US$ 29.63
Convert currency

Add to Basket

Shipping: US$ 8.98
From United Kingdom to U.S.A.
Destination, rates & speeds

5.

Crandall, Robert W.
Published by Brookings Institution (2005)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Quantity Available: > 20
Print on Demand
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description Brookings Institution, 2005. PAP. Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # IQ-9780815716174

More information about this seller | Contact this seller

Buy New
US$ 36.93
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

6.

Crandall, Robert W.
Published by Brookings Institution Press (2018)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Paperback Quantity Available: > 20
Print on Demand
Seller:
Murray Media
(NORTH MIAMI BEACH, FL, U.S.A.)
Rating
[?]

Book Description Brookings Institution Press, 2018. Paperback. Condition: New. Never used! This item is printed on demand. Seller Inventory # 0815716176

More information about this seller | Contact this seller

Buy New
US$ 42.68
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

7.

Robert W. Crandall
Published by Brookings Inst Pr (2005)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Paperback Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Brookings Inst Pr, 2005. Paperback. Condition: New. Seller Inventory # DADAX0815716176

More information about this seller | Contact this seller

Buy New
US$ 39.43
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

8.

Crandall, Robert W.
Published by Brookings Institution (2005)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Quantity Available: 1
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description Brookings Institution, 2005. PAP. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # CE-9780815716174

More information about this seller | Contact this seller

Buy New
US$ 33.96
Convert currency

Add to Basket

Shipping: US$ 11.64
From United Kingdom to U.S.A.
Destination, rates & speeds

9.

Robert W. Crandall
Published by Brookings Inst Pr
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Paperback Quantity Available: > 20
Seller:
BuySomeBooks
(Las Vegas, NV, U.S.A.)
Rating
[?]

Book Description Brookings Inst Pr. Paperback. Condition: New. 212 pages. The 1996 Telecommunications Act was an attempt to increase competition among telecommunications providers in the United States by reducing regulatory barriers to market entry. This competition was expected to drive innovation in the telecommunications sector and reap economic benefits for both American consumers and telecommunications providers. The legislation, however, had a markedly different impact. While many of the more aggressive providers enjoyed sharp short-term rises in stock market values, they soon faced sudden collapse, leaving consumers with little or no long-term benefit. In Competition and Chaos, Robert W. Crandall analyzes the impact of the 1996 act on economic welfare in the United States and how the act and its antecedents affected the major telecommunications providers. He argues that the act was far too stringent, inviting the Federal Communications Commission and state regulators to micromanage competitive entry into local telecommunications markets. Combined with the bursting of the dot. com and telecom stock market bubbles, this aggressive policy invited new and existing firms to invest billions of dollars unwisely, leading to the 200102 collapse of equity values throughout the sector. New entrants into the market invested more than 50 billion in unproductive assets that were quickly wiped out through massive failures. The 1996 act allowed the independent long-distance companies, such as MCI and AT and T, to live a few years longer. But today they are a threatened species, caught in a downward spiral of declining prices and substantial losses. The industry is preparing for an intense battle for market share among three sets of carriers: the wireless companies, the local telephone carriers, and the cable television businesses. Each has its own particular advantage in one of the three major segments of the market --voice, data, and video --but none is assured a clear path to dominance. Although the telecom stock market collapse is now history and the survivors are investing once again, Crandall concludes that the regulators have failed to adapt to the chaos to which they contributed. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Seller Inventory # 9780815716174

More information about this seller | Contact this seller

Buy New
US$ 46.80
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

10.

Robert W. Crandall
Published by Brookings Institution Press (2005)
ISBN 10: 0815716176 ISBN 13: 9780815716174
New Softcover Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description Brookings Institution Press, 2005. Condition: New. book. Seller Inventory # M0815716176

More information about this seller | Contact this seller

Buy New
US$ 47.69
Convert currency

Add to Basket

Shipping: US$ 3.27
Within U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book