Price structures in the market for long-distance voice telephony in Germany
AbstractThis paper analyses price structures in the liberalized German market for long-distance telecommunications services. Theoretically deduced patterns are backed-up by empirical observations. The market is exceptionally competitive; entry is taking place on a large scale and prices are falling sharply. The product is strongly homogeneous and search costs are extremely low. Propositions included in the assessment concern the necessary absence of systematic price discrimination, the probability of cut-throat competition, and the necessary presence of a demand-compatible peak-load structure. With respect to the latter there is an observable move of the price structure, which can be explained by regulatory failure. --
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Bibliographic InfoPaper provided by University of Freiburg, Institute for Transport Economics and Regional Policy in its series Discussion Papers with number 61.
Date of creation: 1999
Date of revision:
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More information through EDIRC
telecommunications; price discrimination; peak-load pricing;
Find related papers by JEL classification:
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ekelund, Robert B, Jr & Hulett, Joe R, 1973. "Joint Supply, the Taussig-Pigou Controversy, and the Competitive Provision of Public Goods," Journal of Law and Economics, University of Chicago Press, vol. 16(2), pages 369-87, October.
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