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Is the United States in full retreat from internationally recognized regulatory best practice? Or is it instead headed toward some different destination – "dancing to the beat of a different drummer"? Where is this likely to lead?
Persistent link: https://www.econbiz.de/10005616666
answer this question, the paper focuses on the problem of investment and innovation in an ex ante regulated sector. Relying … on existing literature, we argue that ex ante regulation could represent a danger for the long-term development of the … infrastructures. We also argue that ex ante regulation is distorting investment itself: incremental investment is privileged as …
Persistent link: https://www.econbiz.de/10005790072
The paper analyzes Adam Smith’s views on monopoly focusing on Book IV and V of The Wealth of Nations and argues that Smith has left his analysis of monopoly in an embryonic form while the majority of scholars have assessed it starting from premises different from those, actually though...
Persistent link: https://www.econbiz.de/10011258542
coverage exists. Moreover, it is found that a second entrant in this market strongly increases competition, while further entry … competition in this market. It is shown that this is not the case in some other retail markets, where entry by a third firm may … significantly affect competition. Finally, using the estimation results, it is show that the public policy, which consisted of …
Persistent link: https://www.econbiz.de/10011259798
liberalisation and the introduction of regulation in the end of the 1990s, however, allowed new entrants to compete with incumbents … at the retail level. A rapid price decline and a decline in revenues followed. Increased retail competition consequently … Switzerland) continued to have partially binding retail price regulation. More than a decade after liberalisation and the …
Persistent link: https://www.econbiz.de/10011259890
indicates that infrastructure-based competition has a positive effect on innovation. Moreover, infrastructure-based competition … national regulatory authorities (NRAs) was whether to foster service-based competition in the first phase of liberalisation or … to focus on infrastructurebased competition. The different NRAs chose to head down different roads. This paper analyses …
Persistent link: https://www.econbiz.de/10005786938
have contributed to the transformation of the telecommunications industry, competition has played a key role in driving …
Persistent link: https://www.econbiz.de/10005787184
Numerous proposals have been made for separation in the telecommunications sector, some of which have been implemented, including the break-up of the Bell system in the 1980s and the widespread implementation of accounting separation. In recent years, attention has been focussed on operational...
Persistent link: https://www.econbiz.de/10005623546
regulation of incumbent local telephone carriers. The article suggests that the time is right to shift from a regime of a priori … rules governing incumbent-form conduct to a regime of ex post competition enforcement. …
Persistent link: https://www.econbiz.de/10005616824
We discuss policy towards mobile call termination, illustrated by the 2002 Competition Commission enquiry into the UK … competition. Competition is often relaxed by choosing a low mobile-to-mobile termination charge. If feasible, then, unregulated …
Persistent link: https://www.econbiz.de/10005789555