Incumbent firms operating in today's local telephone industry are beginning to face competition from new entrants. Using the dominant firm-competitive fringe framework and a recently constructed panel data set of local telephone markets, this paper provides an empirical analysis of the...

The avoidance of monopoly rents and the need to ensure the continuity and quality of supply have, historically, been among the key drivers for the creation of new trade routes. In the field of telecommunications, for much of the past century, there has been little scope for achieving either of...

In this paper, I analyze wage trends in telecommunications during the pre-divestiture and post-divestiture period. Data from 1977 to 1993 CPS extracts are used to compare wage levels for union and nonunion workers, for different occupations, and for different regions of the country. The impact...

Using a sample of telecommunications mergers during the 1990–1993 period, we find that acquiring firms underperform relative to their size and industry-matched control firms. The annual cumulative abnormal returns (CARs) to these firms are significantly negative for five years following the...