Price cap regulation : what have we learned from 25 years of experience in the telecommunications industry ?
نویسندگان
چکیده
Price cap regulation (PCR) has now been employed in the telecommunications industry for more than a quarter century. We review the experience with PCR and offer an explanation for its popularity. PCR’s design flexibility, its ability to limit undesirable strategic behavior, declining industry costs, and developing competition all enhanced the appeal of PCR. We also review some surprises that have arisen under PCR and discuss the implications of the experience with PCR in the telecommunications industry for regulatory policy in other industries.
منابع مشابه
Price Cap Regulation: What Have We Learned from Twenty-Five Years of Experience in the Telecommunications Industry?
Price cap regulation (PCR) has now been employed in the telecommunications industry for more than a quarter century. We review the experience with PCR and offer an explanation for its popularity. PCR‟s design flexibility, its ability to limit undesirable strategic behavior, declining industry costs, and developing competition all enhanced the appeal of PCR. We also review some surprises that ha...
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