Topics in Regulatory Economics and Policy

The New Investment Theory of Real Options and its Implication for Telecommunications Economics

Editors: Alleman, James J., Noam, Eli M. (Eds.)

Free Preview

Buy this book

eBook 96,29 €
price for Spain (gross)
  • ISBN 978-0-585-33314-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase Institutional customers should get in touch with their account manager
Hardcover 155,99 €
price for Spain (gross)
Softcover 124,79 €
price for Spain (gross)
About this book

Randall B, Lowe Piper & Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex­ change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT&T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi­ cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con­ cerns centered generally on whether local rates, irrespective of costs, were at a po­ litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of "continuous surveillance" where, like the state regulator, the appearance of rea­ sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.

Table of contents (19 chapters)

Table of contents (19 chapters)

Buy this book

eBook 96,29 €
price for Spain (gross)
  • ISBN 978-0-585-33314-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase Institutional customers should get in touch with their account manager
Hardcover 155,99 €
price for Spain (gross)
Softcover 124,79 €
price for Spain (gross)
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
The New Investment Theory of Real Options and its Implication for Telecommunications Economics
Editors
  • James J. Alleman
  • Eli M. Noam
Series Title
Topics in Regulatory Economics and Policy
Series Volume
34
Copyright
1999
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-0-585-33314-4
DOI
10.1007/b102437
Hardcover ISBN
978-0-7923-7734-4
Softcover ISBN
978-1-4757-7184-8
Series ISSN
2730-7468
Edition Number
1
Number of Pages
XVI, 280
Topics