Cost proxy models and telecommunications policy: a new empirical approach to regulation
CD-ROM contains: Programs and data that verify report results presented in the text.
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Cambridge, Mass. [u.a.]
MIT Press
c2002
|
| Series: | Regulation of economic activity
22 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | CD-ROM contains: Programs and data that verify report results presented in the text. |
| Item Description: | Includes bibliographical references and index. - Erscheint: September 2002 |
| Physical Description: | XVI, 257 S. graph. Darst. + CD-Rom |
| ISBN: | 0262072378 |
Staff View
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| 520 | 3 | |a CD-ROM contains: Programs and data that verify report results presented in the text. | |
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| 650 | 4 | |a Telecommunication policy |z United States | |
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Record in the Search Index
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| adam_text | Titel: Cost proxy models and telecommunications policy
Autor: Gasmi, Farid
Jahr: 2002
Contents
Series Foreword xiii
Preface xv
1 Introduction 1
1.1 The Need for Regulation in Telecommunications 1
1.2 The Historical Evolution of Practical Regulation 3
1.3 The New Theory of Regulation 6
1.4 Econometrics of Regulation 8
1.5 Cost Proxy Models 10
1.6 A New Empirical Approach to Regulation 12
2 The Local Exchange Cost Optimization Model (LECOM) 15
2.2 Introduction 15
2.2 The Local Exchange Network: An Overview 17
2.3 Technological Foundations of LECOM 19
2.3.1 The Distribution Plant 19
2.3.2 The Feeder Plant 21
2.3.3 Switching 23
2.3.4 The Interoffice Plant 24
viii Contents
2.4 Building an Optimal Network: Economie Trade-offs Modeled
in LECOM 26
2.5 Total Cost and Optimization 27
2.6 From LECOM Simulations to a LECOM Cost Function 32
3 The Use of LECOM under Complete Information 37
3.1 Introduction 37
3.2 Data Problems Encountered in Prior Studies 38
3.3 Using the LECOM Model for Subadditivity
Calculations 41
3.4 Empirical Results 43
3.4.1 Measuring Economies of Scope 43
3.4.2 Economies of Scope in Switched Services 48
3.5 Conclusion 49
4 Regulation under Incomplete Information 51
4.1 Introduction 51
4.2 The Model 53
4.3 Optimal Regulation under Incomplete Information with Cost
Observability 54
4.4 Optimal Regulation without Cost Observability 58
4.5 Price-Cap Regulation 59
4.6 Cost-Plus Regulation 62
4.7 Remark 63
Contents
5 The Natural Monopoly Test 65
5.1 Introduction 65
5.2 Theoretical Framework 68
5.3 Empirical Methodology 72
5.3.1 Simulations of the Engineering Process Cost Model
LECOM 73
5.3.2 Market Structure-Specific Cost Functions 75
5.3.3 Interconnection Costs 78
5.3.4 Calibration of Demand and Disutility 80
5.4 Empirical Results 81
5.4.1 Case I: Usage as Output 82
5.4.2 Case II: Access as Output 85
5.5 Conclusion 89
6 Optimal Regulation of a Natural Monopoly 91
6.1 Introduction 91
6.2 The Optimal Regulatory Mechanism: Theory 93
6.3 The Local Exchange Cost Function, Welfare, and Regulatory
Uncertainty: Estimation and Calibration 94
6.4 The Optimal Regulatory Mechanism: Empirical
Evaluation 98
6.5 Implications 101
6.5.1 Incentives and Pricing 101
6.5.2 Implementation of Optimal Regulation 104
6.6 Using an Alternative Disutility of Effort Function 109
6.7 Conclusion 111
Contents
7 Comparison of Performance of Incentive and Traditional
Regulatory Schemes 113
7.1 Introduction 113
7.2 Alternative Regulatory Regimes 114
7.3 Overview of the Results 117
7.4 Comparisons and Implications 123
7.4.1 Relative Performance 123
7.4.2 Redistributive Consequences 126
7.4.3 Effect of the Cost of Public Funds 130
7.5 Conclusion 132
8 Universal Service 133
8.1 Introduction 133
8.2 The Theoretical Alternatives 135
8.3 Empirical Procedure 142
8.4 Empirical Results 144
8.4.1 Technological Efficiency 144
8.4.2 Universal Service Obligation and Budget Balance 145
8.4.3 Implicit and Explicit Taxation of the Urban Sector 146
8.4.4 Impact of Incomplete Information 148
8.5 Conclusion 149
9 Strategic Cross-subsidies and Vertical Integration 153
9.1 Introduction 153
9.2 Size of Cross-subsidies due to Allocation of
Common Costs 154
Contents
9.3 Size of Effort Allocation Cross-subsidies 156
9.4 Strategic Crosssubsidies through Effort Allocation under
Accounting Separation 158
9.4.1 The Cost-of-Effort Channel 158
9.4.2 The Cost-of-Production Channel 160
9.5 Empirical Results 162
9.5.1 Simulation of LECOM: Basic versus Enhanced Services 162
9.5.2 Accounting and Strategic Cross-subsidies 165
9.6 Conclusion 175
10 Conclusion 177
10.1 What Have We Learned? 178
10.1.1 Implications for Incentive Regulation and
Telecommunications Policy 178
10.1.2 Lessons for the Use of Proxy Models in Empirical
Research 181
10.2 Directions for Improvements in Our Approach 184
10.3 Some Issues Not Addressed in Our Analysis and Suggestions
for Further Research 186
Appendix A 189
A.I The Natural Monopoly Test (Chapter 5) 189
A.I.I Usage as Output (Section 5.4.1) 189
A.1.2 Access as Output 189
A.2 Optimal Regulation of a Natural Monopoly (Chapter 6) 190
A.3 Universal Service (Chapter 8) 191
A.4 Strategic Cross-subsidies and Vertical Integration
(Chapter 9) 193
Contents
A.5 Preparation ofLECOM Cost Data 201
A.6 A Guide to the Mathematica Analysis 207
A.7 Contents of the CDRom 209
Appendix B 211
B.I The Hybrid Cost Proxy Model (HCPM) 111
B.2 International Applications of HCPM 217
B.2.1 Argentina 217
B.2.2 Portugal 220
Notes 223
References 243
Index 249
|
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| series | Regulation of economic activity |
| series2 | Regulation of economic activity |
| spelling | Cost proxy models and telecommunications policy a new empirical approach to regulation Farid Gasmi ... Cambridge, Mass. [u.a.] MIT Press c2002 XVI, 257 S. graph. Darst. + CD-Rom txt rdacontent n rdamedia nc rdacarrier Regulation of economic activity 22 Includes bibliographical references and index. - Erscheint: September 2002 CD-ROM contains: Programs and data that verify report results presented in the text. Recht Ökonometrisches Modell Telecommunication policy United States Telecommunication Law and legislation United States Telecommunication United States Costs Econometric models USA Gasmi, Farid Sonstige oth Regulation of economic activity 22 (DE-604)BV006064886 22 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009856505&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Cost proxy models and telecommunications policy a new empirical approach to regulation Regulation of economic activity Recht Ökonometrisches Modell Telecommunication policy United States Telecommunication Law and legislation United States Telecommunication United States Costs Econometric models |
| title | Cost proxy models and telecommunications policy a new empirical approach to regulation |
| title_auth | Cost proxy models and telecommunications policy a new empirical approach to regulation |
| title_exact_search | Cost proxy models and telecommunications policy a new empirical approach to regulation |
| title_full | Cost proxy models and telecommunications policy a new empirical approach to regulation Farid Gasmi ... |
| title_fullStr | Cost proxy models and telecommunications policy a new empirical approach to regulation Farid Gasmi ... |
| title_full_unstemmed | Cost proxy models and telecommunications policy a new empirical approach to regulation Farid Gasmi ... |
| title_short | Cost proxy models and telecommunications policy |
| title_sort | cost proxy models and telecommunications policy a new empirical approach to regulation |
| title_sub | a new empirical approach to regulation |
| topic | Recht Ökonometrisches Modell Telecommunication policy United States Telecommunication Law and legislation United States Telecommunication United States Costs Econometric models |
| topic_facet | Recht Ökonometrisches Modell Telecommunication policy United States Telecommunication Law and legislation United States Telecommunication United States Costs Econometric models USA |
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