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Designing Incentive Regulation for the Telecommunications Industry (AEI Studies in Telecommunications Deregulation) - Hardcover

 
9780262193658: Designing Incentive Regulation for the Telecommunications Industry (AEI Studies in Telecommunications Deregulation)

Synopsis

Incentive regulation has become widespread in telecommunications. By assessing the strengths and weaknesses of plans that are currently in place, this study uncovers the central principles that underlie sound and effective incentive regulation. Under conditions of rapid change and great uncertainty, incentive regulation, which encourages a company toward goals but allows it some discretion in reaching those goals, should work better than rate of return regulation, which estimates a company's costs and then limits the amount of return the firm can earn. Given the uncertainty that exists in telecommunications today about consumer demand and the nature of production technology, it is no surprise that regulatory commissions have recently implemented a variety of incentive regulations. Sappington and Weisman review the current conditions of the telecommunications industry and explore the merits of providing regulated firms with options in incentive regulation plans. They describe the difficulties regulators face in dealing with incomplete information about companies' activities, in establishing credibility, and in avoiding the dangers of asymmteric regulation (where regulation imposed on new entrants differs from rules for established companies). They close by analyzing competition in long-distance telephone services as it pertains to incentive regulation and by reviewing recent empirial studies.

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About the Author

David E. M. Sappington is the Lanzillotti-McKethan Eminent Scholar in the Department of Economics at the University of Florida.

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9780844740591: Designing Incentive Regulation for the Telecommunications Industry

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ISBN 10:  0844740594 ISBN 13:  9780844740591
Publisher: AEI Press, 1996
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Sappington, David E.M. and Dennis L. Weisman:
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gebundene Ausgabe. Condition: Gut. 388 Seiten; Der Erhaltungszustand des hier angebotenen Werks ist trotz seiner Bibliotheksnutzung sehr sauber. Es befindet sich neben dem Rückenschild lediglich ein Bibliotheksstempel im Buch; ordnungsgemäß entwidmet. Originalschutzumschlag vorhanden.In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 755. Seller Inventory # 2122582

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Hardcover. Condition: Good. Dust jacket is complete but rubbed and worn at edges and corners. Pages are unmarked and uncreased. A presentable used copy without major flaws. Size: 15.5 x 23.5 x 3.5 cm. 388 pp. Shipped Weight: Under 1 kilo. Category: Economics; Telecommunication policy; Competition; Incentives in industry; Telecommunication--Deregulation; Name; ISBN: 0262193655. ISBN/EAN: 9780262193658. Add. Inventory No: 231024DHC1-4027. Seller Inventory # 231024DHC1-4027

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