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Talk Is Cheap: The Promise of Regulatory Reform in North American Telecommunications

Talk Is Cheap: The Promise of Regulatory Reform in North American Telecommunications

Paperback

EconomicsTechnology & EngineeringInternational Relations

ISBN10: 0815716079
ISBN13: 9780815716075
Publisher: Brookings Institution Press
Published: Feb 1 1996
Pages: 312
Weight: 0.94
Height: 0.84 Width: 6.05 Depth: 9.04
Language: English

The rapid pace of technological change is placing the world's telephone companies in a very difficult position. Fiber optics cables, wireless telephones, digital signal compression, and sophisticated new switching equipment are lowering the cost of providing service and opening the gates to new competition. At the same time, these new technologies are providing the telephone companies with a wide array of new market opportunities. Unfortunately, their status as regulated carriers makes it difficult to exploit these new opportunities and to fend off competitive assaults on their traditional telephone business. As long as they are regulated, they can be accused of using their monopoly services to cross-subsidize new competitive ventures. But partial deregulation and open entry would be a catastrophe for them unless they were allowed to revise their rate structure.

Also from

Crandall, Robert W.

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International Relations