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Competition in Telecommunications (Munich Lectures)
Jean-Jacques Laffont, Jean Tirole

The MIT Press, 2001 - 335 pages

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Review of Competition in Telecommunications

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.


Network Competition in Practice

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.


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In Competition in Telecommunications, 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 telecommunication industry. The following sections focus on four central aspects of the recent deregulatory movement: the introduction of incentive regulation; one-way access; the special nature of competition in a industry requiring two-way access; and universal service, in particular, the use of engineering models to compute subsidies and the design of universal service auctions.


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