Emerging Telecommunications Networks

Emerging Telecommunications Networks

The International Handbook of Telecommunications Economics, Volume II

Edited by Gary Madden

This major reference work provides a thorough and up-to-date survey and analysis of recent developments in the economics of telecommunications. The Handbook serves both as a source of reference and technical supplement for the field of telecommunications economics.


Gary Madden

Subjects: innovation and technology, technology and ict


PURPOSE AND MOTIVATION The International Handbook of Telecommunications Economics aims to serve as a source of reference and a technical supplement for the field of telecommunications economics. The intention is to provide both comprehensive and up-to-date surveys of recent developments and the state of various aspects of telecommunications markets. The Handbook is meant for professional use by economists, advanced undergraduate and graduate students, and also to prove useful to policy analysts, engineers and managers within the industry. With the last two decades of the twentieth century witnessing revolutionary technology and institutional change in telecommunications markets, publication of the Handbook is timely. In terms of organization it has proved convenient to categorize material into volumes on the basis of the economics pertaining to traditional ‘narrowband technology’ markets, markets associated with emerging ‘broadband technologies’ and the political economy and institutions that structure markets within which telecommunications companies operate and evolve. The industrial organization of traditional or circuit-switched markets was primarily that of mandated monopolies offering a small array of narrowband services such as local, long-distance and international calling. This structure was supported by natural monopoly arguments. Not surprisingly, research in this era often concerned the analysis and review of production, costs and the productivity of operators. Further, the increasing privatization of incumbent operators required them to produce closer to minimum cost. Accordingly, studies examining the economies of scale and scope were prominent. Market deregulation and liberalization led to the rebalancing of rates so as to reduce cross-subsidization. In this changing environment,...