HANDBOOK OF TELECOMMUNICATIONS ECONOMICS V.1:STRUCTURE REGULATION Księgarnia

The last two decades have seen exceptionally fast rates of change in every aspect of the telecommunications industry. These include major technology changes and the convergence of the broadcasting, information technology and telecommunications industries. The earlier view of telecommunications as a natural monopoly has now given way to one in which almost all parts are susceptible to some form of competition. Simultaneously, market structure has changed through the replacement of the former monopolistic, vertically integrated telephone companies by a variety of competing firms. These developments have been accompanied by major legislative and regulatory developments, including the passing in the United States of the 1996 Telecommunications Act and the introduction of a large number of new laws and regulations in Europe and elsewhere. The same changes have seen a massive expansion of independent regulatory agencies.

This volume provides detailed reviews and commentaries on these contemporary changes in the landscape of a major industry from an academic perspective, yet in an analytical manner that will be appreciated by a wide audience of academics and professionals with an interest in the telecommunications industry. The contents are set out in three main sections. The chapters in section one deal with the economic characteristics of the sector, which define the industry's structure. Sections two and three deal respectively with regulation and competition. Regulatory and competition issues continuously interact with each other, as each set of issues influences the other. The industry continues to evolve through the interaction of the various processes. Volume 1 of The Handbook of Telecommunications Economics aims to provide an integrated set of concepts, evidence and facts that will enable the reader to understand this process.

Table of Contents

Structure, Regulation and Competition in the Telecommunications Industry
(M.E. Cave, S.K. Majumdar, I. Vogelsang).
1. Introduction.

Section 1: Structure.
2. Historical overview (G. Brock).
3. Network effects (S. Leibowitz, S. Margolis).
4. Customer demand analysis (L.D. Taylor).
5. Econometric cost functions (M. Fuss, L. Waverman).
6. Representation of technology and production (W.W. Sharkey).

Section 2: Regulation.
7. Price regulation (D.E.M. Sappington).
8. The theory of access pricing and interconnection (M. Armstrong).
9. Interconnection practices (E. Noam).
10. Universal residential telephone services (M. Riordan).

Section 3: Competition.
11. Competition policy in telecommunications (D.F. Spulber).
12. Competition in the long distance market (D. Kaserman, J.W. Mayo).
13. Mobile telephone (J. Hausman).
14. Spectrum auctions (P. Cramton).
15. Local network competition (G.A. Woroch).
Subject index.

Reviews

Journal of Economic Literature: "...Fourteen papers provide an economic review and commentary on changes in the landscape of the telecommunications industry and survey the bulk of recent work on the economics of this sector."
The International Journal of Media Management: "...Overall, the Handbook of Telecommunications Economics provides an excellent summary of current research findings from various methodological frameworks. Collectively, while this edited volume provides readers interested in the area of telecommunications economics with valuable definitions of basic economic terms such as natural monopoly and consumer welfare, it provides sophisticated analyses of the theoretical issues related to the regulation and deregulation of telecommunications market. ...Scholars will appreciate the scope and variety of information as well as the potential for future research. ...The Handbook of Telecommunications Economics equips readers for the economic changes that are on the horizon. "
Emerald Journal Info: "...This is an important book, part of an important, even landmark, publication. The work is solid, well-documented, up-to-date, and provides a valuable assessment of where things stand in an industry undergoing both dramatic change and a fearsome economic meltdown. ...This is an impressive achievement, of value to readers in many countries "
870 pages

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