Toward Competition in Local Telephony (Aei Studies in Telecommunications Deregulation)

Baumol, William J.; Sidak, J. Gregory

Published by Mit Pr, 1993
ISBN 10: 0262023695 / ISBN 13: 9780262023696
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Synopsis: Local telephone companies have long been extensively regulated as natural monopolies. Technological innovation and the prospect for lifting regulatory barriers to entry, however, now expose at least some portions of the local exchange to competition from cable television systems, wireless telephony, and rival wireline systems. William Baumol and Gregory Sidak examine how telecommunications regulation can be designed to adapt automatically as the market becomes increasingly competitive and ask, if certain parts of local telephony remain naturally monopolistic, how can regulators protect consumers against cross-subsidy, predatory pricing, and price discrimination? How should a local exchange carrier that is a natural monopoly in some activities be permitted to price necessary inputs it sells to its competitors in the market for the final telecommunications products? The economic analysis that the authors employ to answer these questions can apply to any network industry.

About the Author: William J. Baumol is Director of the C. V. Starr Center for Applied Economics at New York University and Professor Emeritus at Princeton University. J. Gregory Sidak is Resident Scholar at the American Enterprise Institute, Senior Lecturer at the Yale School of Management, and Counsel to the law firm of King & Spalding.

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Title: Toward Competition in Local Telephony (Aei ...
Publisher: Mit Pr
Publication Date: 1993
Binding: Hardcover
Book Condition: Used: Good

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