The Telecommunications Act of 1996: The "Costs" of Managed Competition:
The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the int...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Springer US
2000
|
| Ausgabe: | 1st ed. 2000 |
| Schriftenreihe: | Topics in Regulatory Economics and Policy
36 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be 'based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with 'insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act |
| Beschreibung: | 1 Online-Ressource (X, 128 p) |
| ISBN: | 9781461543152 |
| DOI: | 10.1007/978-1-4615-4315-2 |
Internformat
MARC
| LEADER | 00000nmm a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV046874056 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 200828s2000 |||| o||u| ||||||eng d | ||
| 020 | |a 9781461543152 |9 978-1-4615-4315-2 | ||
| 024 | 7 | |a 10.1007/978-1-4615-4315-2 |2 doi | |
| 035 | |a (ZDB-2-SBE)978-1-4615-4315-2 | ||
| 035 | |a (OCoLC)1193299739 | ||
| 035 | |a (DE-599)BVBBV046874056 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-634 | ||
| 082 | 0 | |a 338.5 |2 23 | |
| 084 | |a QR 720 |0 (DE-625)142076: |2 rvk | ||
| 100 | 1 | |a Lehman, Dale E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The Telecommunications Act of 1996: The "Costs" of Managed Competition |c by Dale E. Lehman, Dennis Weisman |
| 250 | |a 1st ed. 2000 | ||
| 264 | 1 | |a New York, NY |b Springer US |c 2000 | |
| 300 | |a 1 Online-Ressource (X, 128 p) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Topics in Regulatory Economics and Policy |v 36 | |
| 520 | |a The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be 'based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with 'insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act | ||
| 650 | 4 | |a Microeconomics | |
| 650 | 4 | |a Public Economics | |
| 650 | 4 | |a Energy Policy, Economics and Management | |
| 650 | 4 | |a Microeconomics | |
| 650 | 4 | |a Public finance | |
| 650 | 4 | |a Energy policy | |
| 650 | 4 | |a Energy and state | |
| 700 | 1 | |a Weisman, Dennis |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |z 9781461369370 |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |z 9780792379577 |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |z 9781461543169 |
| 856 | 4 | 0 | |u https://doi.org/10.1007/978-1-4615-4315-2 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-2-SBE |a ZDB-2-BAE | ||
| 940 | 1 | |q ZDB-2-SBE_Archiv | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-032284188 | ||
| 966 | e | |u https://doi.org/10.1007/978-1-4615-4315-2 |l BTU01 |p ZDB-2-SBE |q ZDB-2-SBE_Archiv |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804181724968517632 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Lehman, Dale E. Weisman, Dennis |
| author_facet | Lehman, Dale E. Weisman, Dennis |
| author_role | aut aut |
| author_sort | Lehman, Dale E. |
| author_variant | d e l de del d w dw |
| building | Verbundindex |
| bvnumber | BV046874056 |
| classification_rvk | QR 720 |
| collection | ZDB-2-SBE ZDB-2-BAE |
| ctrlnum | (ZDB-2-SBE)978-1-4615-4315-2 (OCoLC)1193299739 (DE-599)BVBBV046874056 |
| dewey-full | 338.5 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5 |
| dewey-search | 338.5 |
| dewey-sort | 3338.5 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-1-4615-4315-2 |
| edition | 1st ed. 2000 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03776nmm a2200517zcb4500</leader><controlfield tag="001">BV046874056</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">200828s2000 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781461543152</subfield><subfield code="9">978-1-4615-4315-2</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1007/978-1-4615-4315-2</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-2-SBE)978-1-4615-4315-2</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1193299739</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV046874056</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-634</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">338.5</subfield><subfield code="2">23</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QR 720</subfield><subfield code="0">(DE-625)142076:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Lehman, Dale E.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The Telecommunications Act of 1996: The "Costs" of Managed Competition</subfield><subfield code="c">by Dale E. Lehman, Dennis Weisman</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1st ed. 2000</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York, NY</subfield><subfield code="b">Springer US</subfield><subfield code="c">2000</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (X, 128 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Topics in Regulatory Economics and Policy</subfield><subfield code="v">36</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be 'based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with 'insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Microeconomics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Public Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Energy Policy, Economics and Management</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Microeconomics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Public finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Energy policy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Energy and state</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Weisman, Dennis</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="z">9781461369370</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="z">9780792379577</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="z">9781461543169</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1007/978-1-4615-4315-2</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-2-SBE</subfield><subfield code="a">ZDB-2-BAE</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">ZDB-2-SBE_Archiv</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-032284188</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1007/978-1-4615-4315-2</subfield><subfield code="l">BTU01</subfield><subfield code="p">ZDB-2-SBE</subfield><subfield code="q">ZDB-2-SBE_Archiv</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV046874056 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:40Z |
| indexdate | 2024-07-10T08:56:13Z |
| institution | BVB |
| isbn | 9781461543152 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032284188 |
| oclc_num | 1193299739 |
| open_access_boolean | |
| owner | DE-634 |
| owner_facet | DE-634 |
| physical | 1 Online-Ressource (X, 128 p) |
| psigel | ZDB-2-SBE ZDB-2-BAE ZDB-2-SBE_Archiv ZDB-2-SBE ZDB-2-SBE_Archiv |
| publishDate | 2000 |
| publishDateSearch | 2000 |
| publishDateSort | 2000 |
| publisher | Springer US |
| record_format | marc |
| series2 | Topics in Regulatory Economics and Policy |
| spelling | Lehman, Dale E. Verfasser aut The Telecommunications Act of 1996: The "Costs" of Managed Competition by Dale E. Lehman, Dennis Weisman 1st ed. 2000 New York, NY Springer US 2000 1 Online-Ressource (X, 128 p) txt rdacontent c rdamedia cr rdacarrier Topics in Regulatory Economics and Policy 36 The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be 'based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with 'insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act Microeconomics Public Economics Energy Policy, Economics and Management Public finance Energy policy Energy and state Weisman, Dennis aut Erscheint auch als Druck-Ausgabe 9781461369370 Erscheint auch als Druck-Ausgabe 9780792379577 Erscheint auch als Druck-Ausgabe 9781461543169 https://doi.org/10.1007/978-1-4615-4315-2 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lehman, Dale E. Weisman, Dennis The Telecommunications Act of 1996: The "Costs" of Managed Competition Microeconomics Public Economics Energy Policy, Economics and Management Public finance Energy policy Energy and state |
| title | The Telecommunications Act of 1996: The "Costs" of Managed Competition |
| title_auth | The Telecommunications Act of 1996: The "Costs" of Managed Competition |
| title_exact_search | The Telecommunications Act of 1996: The "Costs" of Managed Competition |
| title_exact_search_txtP | The Telecommunications Act of 1996: The "Costs" of Managed Competition |
| title_full | The Telecommunications Act of 1996: The "Costs" of Managed Competition by Dale E. Lehman, Dennis Weisman |
| title_fullStr | The Telecommunications Act of 1996: The "Costs" of Managed Competition by Dale E. Lehman, Dennis Weisman |
| title_full_unstemmed | The Telecommunications Act of 1996: The "Costs" of Managed Competition by Dale E. Lehman, Dennis Weisman |
| title_short | The Telecommunications Act of 1996: The "Costs" of Managed Competition |
| title_sort | the telecommunications act of 1996 the costs of managed competition |
| topic | Microeconomics Public Economics Energy Policy, Economics and Management Public finance Energy policy Energy and state |
| topic_facet | Microeconomics Public Economics Energy Policy, Economics and Management Public finance Energy policy Energy and state |
| url | https://doi.org/10.1007/978-1-4615-4315-2 |
| work_keys_str_mv | AT lehmandalee thetelecommunicationsactof1996thecostsofmanagedcompetition AT weismandennis thetelecommunicationsactof1996thecostsofmanagedcompetition |