Designing Incentive Regulation for the Telecommunications IndustryAEI Press, 1996 - 388 pages The American Enterprise Institute's Studies in Telecommunications Deregulation present new research on telecommunications policy, with particular emphasis on reforms of federal and state regulatory policies that will advance rather than inhibit innovation and consumer welfare. AEI has commissioned more than twenty-five distinguished experts in law, economics, and engineering to write monographs on regulatory issues in telephony, cable television, broadcasting, information services, and other communications technologies. The monographs are written and edited to be immediately useful to legislators, jurists, and public officials at all levels of government - as well as to business executives and consumers, who must live with these policies. As such, the monographs will also find a place in courses on regulated industries and communications policy in economics and communications departments and in business, law, and public policy schools. |
Contents
Introduction and Overview | 1 |
Empirical Studies of the Effects | 11 |
Todays Telecommunications Industry | 15 |
Copyright | |
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Common terms and phrases
access charges access prices achieve asymmetric regulation AT&T basic local service Bell System benefits bypass chapter companies competitive entry competitors consumers cost reduction cream skimming customers discussion divestiture earnings sharing earnings-sharing plans ECON economic ECPR employed end-to-end connectivity FCC's financial rewards firm's earnings gains implemented incentive plan incentive regulation plans increase incremental incumbent firm interexchange interexchange carriers interLATA long-distance market intraLATA toll investment Jean Tirole Jean-Jacques Laffont limited long-distance prices long-distance service marginal cost MCI Communications myth operating costs options percent performance measures potential price cap plan price cap regulation pricing flexibility production costs productivity offset profit pure price cap rate-of-return regulation RBOC entry RBOC's realized earnings reduce regu regulated firm regulatory goals regulatory plan regulatory policy regulatory regimes relative residential revenue service quality service rates social specified structure supra note switched access target telecommunications industry tion tive toll service