Toward competition in local telephony:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass. u.a.
MIT Press u.a.
1994
|
| Series: | AEI studies in telecommunications deregulation
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIV, 169 S. |
| ISBN: | 0262023695 |
Staff View
MARC
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| 245 | 1 | 0 | |a Toward competition in local telephony |c William J. Baumol ; J. Gregory Sidak |
| 264 | 1 | |a Cambridge, Mass. u.a. |b MIT Press u.a. |c 1994 | |
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Record in the Search Index
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| adam_text |
Contents
Foreword ix
Acknowledgments xi
About the Authors xiii
1 Introduction 1
The Motivation for Divorcing the Local Exchange Carriers 2
The Evolution of Competition Since the Modification of Final
Judgment 2
Subjects to Be Examined 3
An Outline of the Conclusions 4
Z* Actual and Prospective Competition in Local Telephony 7
X Competition Between the LECs and the Interexchange
Carriers 8
* The LECs' Bottleneck Services 9
v Prospective Sources of Competition in the Supply
of Access 10
The Regional Bell Operating Companies as Full Service
Networks 18
The Virtue of Built in Adjustment Features for Regulatory
Rules 20
vi
Conclusion: The Current State of Competition in Local
Telephony 20
D Regulating Local Telecommunications: Some Basic
Principles 23
The Pareto Criterion of Economic Efficiency 23
The Competitive Market Standard for Economic
Regulation 27
But Which Form of Competition ? 31
Marginal Cost Pricing and the Need to Depart from It 33
The Ramsey Solution 35
The Endogeneity of the Demand Elasticity for a
Regulated Firm 40
The Perfectly Contestable Market 42
Other Models for Optimal Regulation 45
Conclusion 46
Appendix 3 1: Formal Derivation of the Inverse Elasticity
Formula 46
4 Regulating the Pricing of Final Products:
Preliminary Concepts 49
The Joint Role of Cost and Demand in Optimal Pricing of
Final Products: The Floor Ceiling Solution 50
Business Self interest and Public Interest Pricing 52
The Meaning and Enforcement of Competitive Profit
Ceilings 54
The Pertinent Cost Concepts 55
Cost of Capital, Opportunity Cost, and Replacement Cost 59
Conclusion 60
u Price Floors for Final Products 61
Cross Subsidy and Predatory Pricing Defined 61
Marginal Cost as a Legitimate Floor 64
Average Incremental Cost of the Entire Product
as a Legitimate Price Floor 65
The Combined Role of the Two Cost Floors 67
Common Costs and Floors for Combinations of Services 69
vii
Price Floors and Services Offered Under Contract 72
Conclusion 75
0 Price Ceilings for Final Products 77
Stand Alone Cost and the Combinatorial Cost Tests 77
The Feasibility of Calculating Price Floors and Ceilings
Versus the Feasibility of Calculating Ramsey Prices 79
Shortcuts and Approximations 80
One Test or Two for Floors and Ceilings? 84
Rate of Return Regulation and Cross Subsidy 85
Price Ceilings and Productivity Growth 86
The Operation of Price Caps 88
Constrained Market Pricing Versus Rate Base
Rate of Return Regulation 91
Conclusion 92
1 The Pricing of Inputs Sold to Competitors 93
The Efficient Component Pricing Rule 95
The Traditional Regulatory Approach to Rental Fee
Determination 97
The Efficient Component Pricing Principle as a Requirement
of Economic Efficiency: What Is the Efficiency Issue? 98
Efficiency of the Component Pricing Rule and the Competitive
Market Model 99
Direct Discussion of the Role of Component Pricing in
Promoting Efficiency 101
Formal Discussion of the Rule's Efficiency 105
Controversial Components of Opportunity Cost: Loss of
Monopoly Markup and Special Service Obligations 108
Opportunity Costs, Network Externalities, and
Demand Complementarities 109
Explicit Access Charges to the IXC and Implicit Access
Charges of the LEC to Itself 110
Marginal and Inframarginal Opportunity Cost 113
Entry by Efficient Rivals 115
Conclusion 116
via ¦*
O Policies to Promote Entry 117
Policies Concerning Entry into Local Telecommunications 117
Natural Monopoly and the Market Test 120
Rules Against Erecting Barriers to Entry 121
Unbundling Basic Network Functions 124
The Special Problem of IntraLATA Toll Competition 125
Public Intervention to Assist the Entrant 127
A Possibly Pareto Superior Alternative to Line of Business
Restrictions: The Bifurcation Rule 130
Conclusion 136
y Conclusion: Toward a Revised Regulatory System 139
Grouping Basic Network Functions as a Means to
Lighten the Burden of Regulation 140
The Danger of Adopting Only Part of the Program 140
The Coherence of the Logic of the Regulatory Structure 141
The Political Economy of Adoption 142
Glossary 145
References 149
Case and Regulatory Proceeding Index 159
Name Index 163
Subject Index 165 |
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| author | Baumol, William J. 1922-2017 Sidak, J. Gregory |
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| discipline | Wirtschaftswissenschaften |
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| spelling | Baumol, William J. 1922-2017 Verfasser (DE-588)119076209 aut Toward competition in local telephony William J. Baumol ; J. Gregory Sidak Cambridge, Mass. u.a. MIT Press u.a. 1994 XIV, 169 S. txt rdacontent n rdamedia nc rdacarrier AEI studies in telecommunications deregulation Concurrentie gtt Deregulering gtt Entreprises de téléphone - États-Unis Service téléphonique local - États-Unis Telecommunicatiesector gtt Telefonia larpcal Téléphone - Déréglementation - États-Unis Telephone -- Deregulation -- United States Telephone companies -- United States Deregulierung (DE-588)4201191-7 gnd rswk-swf Telefongesellschaft (DE-588)4422163-0 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Telefongesellschaft (DE-588)4422163-0 s Deregulierung (DE-588)4201191-7 s DE-604 Sidak, J. Gregory Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006359929&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Baumol, William J. 1922-2017 Sidak, J. Gregory Toward competition in local telephony Concurrentie gtt Deregulering gtt Entreprises de téléphone - États-Unis Service téléphonique local - États-Unis Telecommunicatiesector gtt Telefonia larpcal Téléphone - Déréglementation - États-Unis Telephone -- Deregulation -- United States Telephone companies -- United States Deregulierung (DE-588)4201191-7 gnd Telefongesellschaft (DE-588)4422163-0 gnd |
| subject_GND | (DE-588)4201191-7 (DE-588)4422163-0 (DE-588)4078704-7 |
| title | Toward competition in local telephony |
| title_auth | Toward competition in local telephony |
| title_exact_search | Toward competition in local telephony |
| title_full | Toward competition in local telephony William J. Baumol ; J. Gregory Sidak |
| title_fullStr | Toward competition in local telephony William J. Baumol ; J. Gregory Sidak |
| title_full_unstemmed | Toward competition in local telephony William J. Baumol ; J. Gregory Sidak |
| title_short | Toward competition in local telephony |
| title_sort | toward competition in local telephony |
| topic | Concurrentie gtt Deregulering gtt Entreprises de téléphone - États-Unis Service téléphonique local - États-Unis Telecommunicatiesector gtt Telefonia larpcal Téléphone - Déréglementation - États-Unis Telephone -- Deregulation -- United States Telephone companies -- United States Deregulierung (DE-588)4201191-7 gnd Telefongesellschaft (DE-588)4422163-0 gnd |
| topic_facet | Concurrentie Deregulering Entreprises de téléphone - États-Unis Service téléphonique local - États-Unis Telecommunicatiesector Telefonia Téléphone - Déréglementation - États-Unis Telephone -- Deregulation -- United States Telephone companies -- United States Deregulierung Telefongesellschaft USA |
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