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Theoretical models based on the assumption that telecommunicati*** is a natural monopoly no longer reflect reality. As a result, policymakers often lack the guidance of economic theorists. Competition in Telecommunicati*** is written in a style accessible to managers, c***ultants, government officials, and others. Jean-Jacques Laffont and Jean Tirole ***yze regulatory reform and the emergence of competition in network industries using the state-of-the-art theoretical tools of industrial ***anization, political economy, and the economics of incentives.The book opens with background information for the reade***ho is unfamilia***ith current issues in the telecommunicati*** industry. The following secti*** focus on four central ***ects 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 aucti***. The book concludes with a discussion of the Internet and regulatory instituti***.Copublished with the Center for Economic Studies and the Ifo Institute

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书籍介绍

Theoretical models based on the assumption that telecommunicati*** is a natural monopoly no longer reflect reality. As a result, policymakers often lack the guidance of economic theorists. Competition in Telecommunicati*** is written in a style accessible to managers, c***ultants, government officials, and others. Jean-Jacques Laffont and Jean Tirole ***yze regulatory reform and the emergence of competition in network industries using the state-of-the-art theoretical tools of industrial ***anization, political economy, and the economics of incentives.The book opens with background information for the reade***ho is unfamilia***ith current issues in the telecommunicati*** industry. The following secti*** focus on four central ***ects 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 aucti***. The book concludes with a discussion of the Internet and regulatory instituti***.Copublished with the Center for Economic Studies and the Ifo Institute