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- W1966603670 abstract "Prior to the Telecommunications Act of 1996, many U.S. states restructured their regulatory framework by replacing rate-of-return regulation with competition in both the local exchange service and local long-distance markets and adopting price regulation (price caps and price freezes). Using a panel data set of incumbent firm prices for three services, I investigate whether price regulation and differences in entry conditions affect incumbent operators' rate structures. I find that competition has prompted a significant amount of rate rebalancing by reducing the amount of cross-subsidization present in local telephone markets. In addition, the added flexibility of price cap regulation speeds the rate rebalance effects of competition." @default.
- W1966603670 created "2016-06-24" @default.
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- W1966603670 date "2004-05-01" @default.
- W1966603670 modified "2023-09-27" @default.
- W1966603670 title "Regulatory Restructuring and Incumbent Price Dynamics: The Case of U.S. Local Telephone Markets" @default.
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- W1966603670 doi "https://doi.org/10.1162/003465304323031157" @default.
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