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Author: James Shaw
Publisher: Artech House
ISBN: 9781580532761
Category : Business & Economics
Languages : en
Pages : 592
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Book Description
A comprehensive economic examination of the global competitive restructuring that is now occurring as a result of the US Telecommunications Act 1996. The book guides the reader to the most effective methods of building and enhancing competitive advantage in new markets.
Author: James Shaw
Publisher: Artech House
ISBN: 9781580532761
Category : Business & Economics
Languages : en
Pages : 592
Get Book Here
Book Description
A comprehensive economic examination of the global competitive restructuring that is now occurring as a result of the US Telecommunications Act 1996. The book guides the reader to the most effective methods of building and enhancing competitive advantage in new markets.
Author: James Shaw
Publisher: Artech House Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 436
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Book Description
Develop the economic and planning knowledge you need to successfully bring new products to market in the potentially unstable environment to telecommunications deregulation. This ground-breaking book presents the full interpretation of the law, evaluates the US Telecommunications Reform Act of 1996 in its entirety, and addresses the economic implications for prospective market restructuring, impending competition, and strategic planning.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Publisher:
ISBN:
Category : Telecommunication
Languages : en
Pages : 100
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Book Description
Author: Alfred E. Kahn
Publisher: Rowman & Littlefield
ISBN: 9780815796251
Category : Law
Languages : en
Pages : 108
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Book Description
Over the last several years, the value of stocks in both the airline and the telecommunications industries have dropped catastrophically. Since these industries were among the most important—and most visible—to have been unleashed from regulation in recent decades (albeit in widely differing degree), their difficulties have raised the question of whether their deregulation should be reconsidered or even reversed. Alfred E. Kahn, one of the foremost authorities on deregulation, argues in this book that every passing year demonstrates the superiority of the road chosen for the airlines. He contrasts the financial meltdowns of both the airline and telecommunications industries with others taking place at the same time, particularly in technology-related stocks and "dot.coms," pointing out that these sectors were also relatively free of direct economic regulation. Their experience provides a useful counter to the natural tendency to blame all the woes of aviation and telecommunications on government policy. This book provides a valuable and accessible guide to unraveling the complex world of network deregulation. It will serve as a reference point for practioners and policymakers, as well as an important introduction for the general public.
Author: Tom W. Bell
Publisher: Cato Institute
ISBN: 9781882577682
Category : Law
Languages : en
Pages : 176
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Book Description
The Telecommunications Act of 1996 has failed to fulfill its deregulatory promise. The act in many cases has replaced regulated monopoly with eerily similar regulated competition. Only markets that are truly free will innovate and remain healthy in the long run. These essays suggest how to move toward free markets in telecommunications.
Author: Jeffrey A. Eisenach
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Numerous studies have demonstrated that investment in telecommunications infrastructure and other forms of information technology is the primary cause of the acceleration in productivity growth, which began in the late 1990s and has continued, unabated, to the present. Economists also recognize that government policies have a major impact on the performance of the heavily regulated telecommunications sector. The Federal Communications Commission and state public utility commissions continue to regulate telecommunications prices at both the retail and wholesale levels, and to impose upon incumbent carriers a complex array of sharing requirements. These rules, known as the "Unbundled Network Element" or "UNE" rules, require incumbent firms to lease their facilities to competitors at prices specified by the FCC and state commissions. One form of UNE, "UNE-P," allows competitors to lease virtually all of the facilities needed to provide service, thereby avoiding the need to make any significant investment of their own. Many economists believe these rules discourage investment in new facilities. In this study, we examine the empirical evidence on the impact of UNE rules on telecommunications investment. While the studies we review utilize different techniques, rely on different data and analyze different variables, they are nearly unanimous in finding that the UNE regime does indeed deter investment. We estimate that UNE reform would increase GDP by between $14.3 billion and $33.9 billion, and create between 94,000 and 223,000 jobs, in the first year after adoption. In three years (i.e. by year-end 2005), GDP would rise by between $42.9 billion and $101.7 billion, and the economy would have created between 282,000 and 669,000 additional jobs.
Author: Steering Committee on the Changing Nature of Telecommunications/Information Infrastructure
Publisher: National Academies Press
ISBN: 0309586984
Category : Computers
Languages : en
Pages : 241
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Book Description
Advancement of telecommunications and information infrastructure occurs largely through private investment. The government affects the rate and direction of this progress through regulation and public investment. This book presents a range of positions and perspectives on those two classes of policy mechanism, providing a succinct analysis followed by papers prepared by experts in telecommunications policy and applications.
Author: Sam Peltzman
Publisher: Rowman & Littlefield
ISBN: 9780815713418
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
Although the airline, railroad, telecommunications, and electric power industries are at very different stages in adjusting to regulatory reform, each industry faces the same critical public policy question: Are policymakers taking appropriate steps to stimulate competition or are they turning back the clock by slowing the process of deregulation? This volume addresses that issue and identifies the next steps that policymakers should take to enhance public welfare in the provision of these services. Each chapter identifies the central policy issues that have arisen in each industry as it undergoes transformation to a deregulated environment. The authors reveal the flaws in the residual regulations and make the case for faster and more comprehensive deregulation. A concluding chapter identifies how interest groups continue to exert influence on regulatory agencies and on Congress, potentially undermining deregulation. The papers included here were initially presented in December 1999 at a conference sponsored and organized by the AEI–Brookings Joint Center for Regulatory Studies.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 626
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Book Description
Author: Robert W. Crandall
Publisher: Rowman & Littlefield
ISBN: 0815797702
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
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 i
