Overview
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.
About the Author
Jean-Jacques Laffont was Professor of Economics at the Université des Sciences Sociales de Toulouse and the Institut Universitaire de France and Director of the Institut d'Economie Industrielle.
Endorsements
"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