Full liberalization of telecommunications markets provides scope for relying largely on general antitrust rules and institutions for economic regulation. But at least for a time after liberalization, sector-specific rules and institutions are likely to be needed in some areas, including...

This paper seeks to shed some light both on how economy-wide and infrastructure or sector-specific components of the regulatory framework should be designed and on what the respective roles of such components should be to maximize the efficiency of economic regulation in telecommunications. It...