The Political Economy of Price Cap Regulation

The last decade has witnessed a dramatic substitution of price cap regulation for rate-ofreturn regulation in the telecommunications industry. The 1996 Telecommunications Act empowers state regulators to set the terms of competitive entry in local telephone markets. We investigate whether the form o...

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Veröffentlicht in:	Review of industrial organization 2000-06, Vol.16 (4), p.343-356
Hauptverfasser:	LEHMAN, DALE E., WEISMAN, DENNIS L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Commercial regulation Communications networks Competition Costs Economic competition Economic costs Economics Empowerment Incumbents Industrial regulation Insurance regulation Market entry Market prices Political economy Price regulation Price regulations Prices Rates of return Reform Regulation Regulatory reform Resale Studies Subsidies Telecommunications Telecommunications Act 1996-US Telephone companies
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