Competition and Chaos by Robert W. Crandall
Look inside with Google Book Preview
Competition and Chaos
By Robert W. Crandall

Competition and Chaos

U.S. Telecommunications Since the 1996 Telecom Act

By (author) See other recent books by Robert W. Crandall
Format: Paperback

Normal Price: $65.00
Your Price: $58.50 AUD, inc. GST
Shipping: $7.95 per order
You Save: $6.50! (10% off normal price)
Plus...earn $2.93 in Boomerang Bucks
Availability: Available Available to Backorder, No Due Date for Supply



Competition and Chaos by Robert W. Crandall

Book Description

The 1996 Telecommunications Act was an attempt to increase competition among telecommunications providers in the United States by reducing regulatory barriers to market entry. This competition was expected to drive innovation in the telecommunications sector and reap economic benefits for both American consumers and telecommunications providers. The legislation, however, had a markedly different impact. While many of the more aggressive providers enjoyed sharp short-term rises in stock market values, they soon faced sudden collapse, leaving consumers with little or no long-term benefit. In Competition and Chaos , Robert W. Crandall analyzes the impact of the 1996 act on economic welfare in the United States and how the act and its antecedents affected the major telecommunications providers. He argues that the act was far too stringent, inviting the Federal Communications Commission and state regulators to micromanage competitive entry into local telecommunications markets. Combined with the bursting of the dot.com and telecom stock market bubbles, this aggressive policy invited new and existing firms to invest billions of dollars unwisely, leading to the 2001-02 collapse of equity values throughout the sector. New entrants into the market invested more than $50 billion in unproductive assets that were quickly wiped out through massive failures. The 1996 act allowed the independent long-distance companies, such as MCI and AT& T, to live a few years longer. But today they are a threatened species, caught in a downward spiral of declining prices and substantial losses. The industry is preparing for an intense battle for market share among three sets of carriers: the wireless companies, the local telephone carriers, and the cable television businesses. Each has its own particular advantage in one of the three major segments of the market --voice, data, and video --but none is assured a clear path to dominance. Although the telecom stock market collapse is now history and the survivors are investing once again, Crandall concludes that the regulators have failed to adapt to the chaos to which they contributed.

Buy Competition and Chaos book by Robert W. Crandall from Australia's Online Bookstore, Boomerang Books.


Book Details

ISBN: 9780815716174
ISBN-10: 0815716176
Format: Paperback
(229mm x 152mm x 15mm)
Pages: 212
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Dec-2004
Country of Publication: United States

Books By Author Robert W. Crandall

First Thing We Do, Let's Deregulate All the Lawyers by Robert W. Crandall First Thing We Do, Let's Deregulate All the Lawyers, Paperback (August 2011)

Not many Americans think of the legal profession as a monopoly, but it is. Abraham Lincoln, who practiced law for nearly twenty-five years, would likely not have been allowed to practice today.

» View all books by Robert W. Crandall

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Competition and Chaos book by Robert W. Crandall and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write a book review


Author Biography - Robert W. Crandall

Robert W. Crandall is a senior fellow in the Economic Studies program at the Brookings Institution, Washington, D.C., USA, where his research has focused on telecommunications and cable television regulation, industrial organization and policy, and the changing regional structure of the U.S. economy. His previous books include Broadband: Should We Regulate Internet Access? (Brookings, 2002), Telecommunications Liberalization on Two Sides of the Atlantic (Brookings, 2001) and Who Pays for Universal Service? (Brookings, 2000).

Boomerang Bucks close

For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.

Recent books by Robert W. Crandall close
First Thing We Do, Let's Deregulate All the Lawyers by Robert W. Crandall
»
BoomerangBooks.com.au close