Designing Incentive Regulation for the Telecommunications Industry - Rilegato

Sappington, David E. M.; Weisman, Dennis L.

Rilegato

ISBN 10: 0262193655 ISBN 13: 9780262193658

Casa editrice: MIT Press, 1995

Riassunto

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.

Su questo libro

Product Description:

Book by Sappington David E M Weisman Dennis L

Su questa edizione

• Editore: MIT Press
• Data di pubblicazione: 1995
• ISBN 10: 0262193655
• ISBN 13: 9780262193658
• Rilegatura: Copertina rigida
• Numero di pagine: 200