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- W4231864494 abstract "This paper is a response to ‘Public policy for a multiproduct firm: tearing down the “Berlin Wall” in telecommunications’, by Edward C. Beauvais and Virginia K. Sheffield of GTE.1 It refutes these authors' portrayal of the demise of the telecommunications monopoly by exploring the formation of market power in highly interconnected, high-capacity telecommunications networks, and in so doing it identifies the limitations of effective competition in nominally ‘open’ network environments. The paper will argue that efforts to prescribe ‘unnatural’ industry structures are doomed to failure, and that ‘natural’, often highly concentrated markets will evolve in network-based industries despite efforts to legislate balkanization. Examples are drawn from the cellular mobile telephone industry, the airline industry, and the interexchange (long-distance) telephone common carrier markets. Drawing on this experience, the paper will demonstrate that current regulatory reform initiatives of the dominant local telephone monopolies that are either predicated upon or portrayed as leading to the development of effective competition at the local exchange constitute little more than a ‘regulatory gaming’ strategy that is more likely to impede the development of competition than affirmatively to promote it." @default.
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- W4231864494 date "1998-11-01" @default.
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- W4231864494 title "Shell and enron agree on Cuiaba project" @default.
- W4231864494 doi "https://doi.org/10.1016/s1365-6937(98)90534-2" @default.
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