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Telecommunications markets around the world are undergoing fundamental changes, moving away from monopolies to liberalized markets with a large variety of entrants. Such changes have been made possible by advances in technology, which have undermined the case for state-owned monopolies. Nevertheless, regulation is still crucial in several market segments, especially within fixed telephony. This book develops a thorough understanding of the microeconomic mechanisms at play. It fills the gap between the economic literature on competition and regulation in telecommunications and applications to specific market environments. The authors extensively use simulation models in Mathematica software, which are available for readers. The book is designed to appeal to academics, policy makers and other practictioners.
List of contents
1. Introduction; 2. Telecommunications; 3. The basic model; 4. Facilities-based entry in a non-segmented market; 5. Non-facilities-based entry in a non-segmented market; 6. Entry in a non-segmented market: alternative pricing strategies; 7. Non-targeted entry in a segmented market; 8. Targeted entry; 9. Concluding remarks.
About the author
PAUL DE BIJL is currently a senior staff member at the Ministry of Finance, The Hague.MARTIN PEITZ is Heisenberg Fellow of the Deutsche Forschungsgemeinschaft, affiliated to the University of Frankfurt.
Summary
This book examines competition and regulation in the liberalized telecommunications markets. The authors analyse a broad range of market constellations, in particular the hot topic of access price regulation in asymmetric markets, and derive from this various policy recommendations. It is a valuable resource for academics, regulators and telecommunications professionals.
