Recent PostsCTN Issue: December 2016 Thomas Hazlett & Michael Honig, The Price of Freedom: How to Charge for Spectrum as WiFi and Cellular Collide IEEE ComSoc Technology News (Dec. 2016) Al[...]Thomas Hazlett recently reviewed two new volumes on the Information Economy for the International Journal of Economics of Business. Both Martin Campbell-Kelly and Daniel D. Garcia-Swartz, [...]My new research shows that more Internet access funding doesn't help students. And almost all U.S. schools are already online. By Thomas Hazlett 08/23/16 09:27 AM EDT Even during[...]How an early telephone silencer took on AT&T. By Lauren Young via Atlas Obscura It's not unusual today to overhear strangers' intimate phone conversations while comm[...]
Telecom Competition and the 1996 Act: Reflecting Back and Looking Forward
Lessons from the Telecom Wars (Mini-Conference September 28, 2006). Marius Schwartz, Professor of Economics, Georgetown University.
This talk: Reflects back on the premises underlying the 1996 Act, its key provisions — especially on network sharing — and the track record. Summarizes briefly some of the lessons and their implications for policy going forward. The 1996 Act: Underlying Premises and Key Local Competition Provisions. Status quo is highly inefficient. Local access phone networks still predominantly a monopoly, with presumed inefficiencies. Monopoly invites costly and intrusive regulation: of rate Level (creating problems for incentives) and of rate Structure (inefficient cross subsidies). Artificial separation of “local” from “long-distance” (LD) services to prevent leverage from monopoly local into potentially competitive LD.
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