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020 _a9781108745321
_qpbk
041 _aeng
082 _a384.5
_bVOG
100 _aVogelsang, Ingo
245 4 _aThe economics and regulation of network industries : telecommunications and beyond
_c/ Ingo Vogelsang
250 _a1st ed.
260 _bCambridge University Press ;
_c2021.
_aCambridge :
300 _a85 p. ;
_c23 cm ;
504 _aBiblio
520 _aHave you ever wondered how your telephone company or Internet service provider can give you access to almost all people in the world, or how electricity suppliers can compete with each other if there is only one electric supply line passing through your street? This Element deals with the economics and public regulation of such network industries. It puts particular emphasis on the specific economic concepts used for analyzing them and on the regulatory reform movement and the compatibility of regulation and competition. Worldwide most of these industries have changed dramatically in recent years, telecommunications in particular. Network industries mostly exhibit economies of scale in production and similar economies in consumption. Both of these properties cause market power problems that often require industry-specific regulation. However, due to technological and market changes network policies have moved on from end-user regulation to wholesale regulation and in some cases to deregulation.
650 _aCommunications; telecommunication
942 _cENGLISH
999 _c524430
_d524430