- Paperback: 236 pages
- Publisher: MIT Press; New Ed edition (18 April 2001)
- Language English
- ISBN-10: 0262621509
- ISBN-13: 978-0262621502
- Product Dimensions: 15.2 x 2.2 x 22.9 cm
- Amazon Bestsellers Rank: 829,050 in Books (See Top 100 in Books)
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Review
"Laffont and Tirole have combined their mastery of economic theorywith real-world telecom know-how to produce a gem of a book. If youwant to deepen your understanding of telecom--and of networkindustries generally-you must read this book." Carl Shapiro, Transamerica Professor of Business Strategy, University of California, Berkeley, and author of InformationRules: A Strategic Guide to the Network Economy
Product Description
Theoretical models based on the assumption that telecommunications is a natural monopoly no longer reflect reality. As a result, policymakers often lack the guidance of economic theorists. Competition in Telecommunications is written in a style accessible to managers, consultants, government officials, and others. Jean-Jacques Laffont and Jean Tirole analyze regulatory reform and the emergence of competition in network industries using the state-of-the-art theoretical tools of industrial organization, political economy, and the economics of incentives.The book opens with background information for the reader who is unfamiliar with current issues in the telecommunications industry. The following sections focus on four central aspects of the recent deregulatory movement: the introduction of incentive regulation; one-way access (access given by a local network to the providers of complementary segments, such as long-distance or information services); the special nature of competition in an industry requiring two-way access (whereby competing networks depend on the mutual termination of calls); and universal service, in particular the two leading contenders for the competitively neutral provision of universal service: the use of engineering models to compute subsidies and the design of universal service auctions. The book concludes with a discussion of the Internet and regulatory institutions.Copublished with the Center for Economic Studies and the Ifo Institute
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2 reviews
7 of 9 people found the following review helpful
Network Competition in Practice
14 Jun 2000
Format:Hardcover
Professor Laffont's book illustrates the last ten years theoretical developments that explain how feasible is to encourage competition in local telephony.
As usual, theoretical developments follows technological advances that allow profitable entry in a typical natural monopoly market. Moreover, this book highlights the importance for policy makers in helping entry in this market by eliminating legal entry barriers, or in some cases subsiding new becomers.
Although this book is more oriented to policy makers than academics, I would like to have seeing more formal treatment for some of the many topics cover by professor Laffont. Nevertheless, this book represents an excellent summary of network competition literature.
Review of Competition in Telecommunications
25 July 2006
Format:Paperback
Probably the best summary of the economics of access regulation in the easly chapters that you'll find anywhere (particularly after the sad passing of Jean-Jacques) and a very accessible coverage of the application of those principles to the specific case of telecommunications.
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