The Economics of Antitrust and Regulation in Telecommunications: Perspectives for the New European Regulatory Framework

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9781843765103: The Economics of Antitrust and Regulation in Telecommunications: Perspectives for the New European Regulatory Framework
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European Union officials, mostly from the antitrust unit in charge of the telecommunications industry, and European academic economists spent a year investigating a number of key issues in the telecommunications sector, and presented their findings at a conference held in Brussels in September 2002, the proceedings of which are published here. Contributors from the two groups trade thoughts on the new regulatory telecommunications framework, market definition in the telecommunications markets, the economic analysis of collective dominance in those markets, economic aspects of access to networks, and UMTS as a case study of competition and allocation of scarce resources. Three short papers document a roundtable discussion. A final paper discusses monitoring competition in the sector with European Commission sector inquires. The main regulatory texts are appended. Annotation 2004 Book News, Inc., Portland, OR (booknews.com)

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Edited by Pierre Buigues, Advisor to the Chief Economist, European Commission, Belgium and Patrick Rey, Professor of Economics, Institut d’Economie Industrielle, Université des Sciences Sociales, France

Review:

`This book will provoke admiration from telecoms-regulation specialists and others with an interest in abstruse areas of industrial policy. It provides a valuable historical record of an important time in the development of telecoms regulation.' -- Paul Brisby, European Competition Law Review `This book is an important contribution to the literature on the evolution of competition and regulation in EU telecommunications. It involves a meeting of minds between academic economists and members of the European Commission responsible for policy in the telecommunications sector. It details steps recently taken to replace regulation with competition and highlights the difficult hurdles that still remain.' -- David Parker, University of Cranfield and University of Manchester, UK `Anyone who has tried to keep up with the rapid analytical and policy developments in the telecommunications industry should welcome this volume which brings together contributions from both antitrust officials in the EU and the US and from academia. All of the main issues, such as market definition, collective dominance and access and network sharing problems, are included along with an authoritative and up-to-date commentary of policy in the EU and US. The experience and expertise of the contributors make it an incomparable source for everyone concerned with this key sector.' -- Michael Utton, University of Reading, UK `The Economics of Antitrust and Regulation in Telecommunications is the outcome of a year long project conducted by the European Commission, and provides readers with a framework for enhancing the treatment of antitrust cases within the sector. Its fundamental point of departure is the aim of better integrating economics with the sector's industrial realities. An aim in which it succeeds. The work examines in-depth the fundamentals of network industry market definition (increasingly a problem in convergent industries), collective dominance, network access and resource allocation by cutting-edge academics and prominent European Commission antitrust officials. As such many lessons are relevant beyond narrow confines of the telecommunications sector. A particularly timely feature of the work is the inclusion of a section on 3G markets. The result is a definitive and important work. Taken as a whole, this resource provides valuable insights, and not only for the telecommunications sector but network industries in general. The tome is essential reading for business, telecommunication, public policy, and network technology decision-makers around the globe.' -- Gary Madden, Curtin University of Technology and Communications Economics and Electronic Markets Research Centre, Australia

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