· 2021
Have you ever wondered how your telephone company or Internet service provider can give you access to almost all people in the world, or how electricity suppliers can compete with each other if there is only one electric supply line passing through your street? This Element deals with the economics and public regulation of such network industries. It puts particular emphasis on the specific economic concepts used for analyzing them and on the regulatory reform movement and the compatibility of regulation and competition. Worldwide most of these industries have changed dramatically in recent years, telecommunications in particular. Network industries mostly exhibit economies of scale in production and similar economies in consumption. Both of these properties cause market power problems that often require industry-specific regulation. However, due to technological and market changes network policies have moved on from end-user regulation to wholesale regulation and in some cases to deregulation.
· 1990
First Published in 1989. Routledge is an imprint of Taylor & Francis, an informa company.
The first book to use economic logic to develop a quantitative approach to making divestiture decisions.
Systematically reviews recent innovations in the economic theory of pricing and extends results to the conditions which characterize telecommunications markets
Class actions, which are civil cases in which parties initiate a lawsuit on behalf of other plaintiffs not specifically named in the complaint, often make headlines and arouse policy debates. However, policymakers and the public know little about most class actions. This book presents the results of surveys of insurers and of state departments of insurance to learn more about class litigation against insurance companies.
The local and short distance telecommunications markets - the "last ten miles" - of the telecommunications industry are the target of this study. Information is provided about telecommunications technology and network structure, and their relationship to t
In the past decade the United Kingdom has emerged as a pacesetter for institutional change in the telecommunications sector. Investment in the sector has jumped, despite the uncertainty one might expect from the United Kingdom's inexperience with public utility regulation, from its lack of constitutional protection against governmental and regulatory discretion, and from continuing institutional change.