Dale E. Lehman – författare
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14 produkter
14 produkter
Del 36 - Topics in Regulatory Economics and Policy
Telecommunications Act of 1996: The “Costs” of Managed Competition
Inbunden, Engelska, 2000
985 kr
Skickas inom 10-15 vardagar
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 spectre 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 co-ordination 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.
Häftad, Engelska, 2012
1 070 kr
Skickas inom 10-15 vardagar
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.
Del 1 - Howard County Mysteries
Fibonacci Murders
Häftad, Engelska, 2019
143 kr
Skickas inom 5-8 vardagar
Del 2 - Howard County Mysteries
True Death
Häftad, Engelska, 2019
154 kr
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Häftad, Engelska, 2020
142 kr
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Del 1 - Bernard and Melody Capers
Weasel Words
Häftad, Engelska, 2021
143 kr
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Häftad, Engelska, 2021
130 kr
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Häftad, Engelska, 2022
179 kr
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Häftad, Engelska, 2022
129 kr
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Häftad, Engelska, 2023
179 kr
Skickas inom 5-8 vardagar
Häftad, Engelska, 2023
130 kr
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Häftad, Engelska, 2024
179 kr
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Del 2 - Bernard and Melody Capers
Rooftop Sonata
Häftad, Engelska, 2025
179 kr
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Del 5 - Howard County Mysteries
Wages of Sin
Häftad, Engelska, 2026
192 kr
Skickas inom 5-8 vardagar