Price Caps And Incentive Regulation In Telecommunications
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Price Caps And Incentive Regulation In Telecommunications
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Author : Michael A. Einhorn
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Price Caps And Incentive Regulation In Telecommunications written by Michael A. Einhorn and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's rate base and cross-subsidization of its competitive services. A category of alternative regulatory approaches can be classified broadly as social contracts. Under the general strategy of social contract regulation, regulators first delimit a group of regulated core services that they continue to regulate and then stipulate a list of constraints that the utility must agree to meet in the future; in exchange, regulators agree to detariff or deregulate entirely other competitive or nonessential services that the utility may offer. As long as no stipulated constraints are violated, the utility may price freely any service; if it reduces costs, it may keep a share of its profits. According to the National Telecommunications Information Administration (NTIA, 1987), social contract agreements of one form or another have been considered or implemented in a majority of American states.
Designing Incentive Regulation For The Telecommunications Industry
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Author : David E. Sappington
language : en
Publisher: American Enterprise Institute
Release Date : 1996
Designing Incentive Regulation For The Telecommunications Industry written by David E. Sappington and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
This book applies new advances in economic theory regarding the asymmetry of information between firms and their regulators to the design of improved telecommunications regulation.
Price Caps In Telecommunications Regulatory Reform
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Author : Leland L. Johnson
language : en
Publisher:
Release Date : 1989
Price Caps In Telecommunications Regulatory Reform written by Leland L. Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Price regulation categories.
Pricing And Regulatory Innovations Under Increasing Competition
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Author : Michael A. Crew
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Pricing And Regulatory Innovations Under Increasing Competition written by Michael A. Crew and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This volume focuses on incentive regulation and competition. While much of the regulatory action is taking place in telecommunications, the impact of competition and the resultant regulatory change is being felt in other traditional public utilities including electricity. The book reviews topics including price caps, incentive regulation, market structure and new regulatory technologies.
Access Pricing In Telecommunications
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2004-01-30
Access Pricing In Telecommunications written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-30 with categories.
This report addresses the regulation of access to telecommunication networks. Development of competition and the success of liberalisation often depend on the access terms and conditions chosen, and public policy interest in getting these terms and conditions right is important.
The Telecommunications Act Of 1996 The Costs Of Managed Competition
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Author : Dale E. Lehman
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Telecommunications Act Of 1996 The Costs Of Managed Competition written by Dale E. Lehman and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be `based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with `insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act.
Competition In Telecommunications
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Author : Jean-Jacques Laffont
language : en
Publisher: MIT Press
Release Date : 2001
Competition In Telecommunications written by Jean-Jacques Laffont and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
The authors analyze regulatory reform and the emergence of competitionin network industries using the state-of-the-art theoretical tools ofindustrial organization, political economy, and the economics ofincentives.
Telecommunications Policy And Regulation
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Author :
language : en
Publisher:
Release Date : 1991
Telecommunications Policy And Regulation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Telecommunication categories.
Fcc Telephone Price Caps
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Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance
language : en
Publisher:
Release Date : 1989
Fcc Telephone Price Caps written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Telephone categories.
Incentive Regulation For Public Utilities
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Author : Michael A. Crew
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Incentive Regulation For Public Utilities written by Michael A. Crew and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contributions by leading scholars and practitioners represent some of the best new research in public utility economics and include topics such as the theory of incentive regulation, dynamic pricing, transfer pricing, issues in law and economics, pricing priority service, and energy utility resource planning.