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Changing the rules: Applying a more economic approach to dynamic telecom markets

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  • Krancke, Jan
  • Vidal, Miguel
  • Fier, Andreas
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    Abstract

    Traditionally, neoclassical economics has been the guiding framework in the development of legislative and regulatory rules in the telecommunication markets. The regulatory perspective has long assumed a static environment. However, telecommunication markets have evolved into extremely dynamic, innovative and technology-driven markets. At the same time, economic theory has moved well beyond simple, static concepts of neo-classical analysis. Inter alia, Schumpeterian Economics, Institutional Economics and modern Industrial Organization provide a broader framework more suitable to analyze modern telecom markets. Drawing on an extended theoretical baseline and on major industry trends, we propose a more comprehensive framework for telecom regulation - the new regulatory pentagon - based on the cornerstones competition, investment and innovation, convergence and platformization, macroeconomics and growth and, lastly, commitment and credibility. --

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    Bibliographic Info

    Paper provided by International Telecommunications Society (ITS) in its series 23rd European Regional ITS Conference, Vienna 2012 with number 66976.

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    Date of creation: 2012
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    Handle: RePEc:zbw:itse12:66976

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    Web page: http://www.itseurope.org/

    Related research

    Keywords: Telecommunications; Regulation; Network investments; Platforms; Innovation; Next generation networks;

    This paper has been announced in the following NEP Reports:

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    2. Ballon, Pieter & Van Heesvelde, Eric, 2011. "ICT platforms and regulatory concerns in Europe," Telecommunications Policy, Elsevier, vol. 35(8), pages 702-714, September.
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    10. Tobias Kretschmer, 2012. "Information and Communication Technologies and Productivity Growth: A Survey of the Literature," OECD Digital Economy Papers 195, OECD Publishing.
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    13. Pieter BALLON, 2009. "The Platformisation of the European Mobile Industry," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(75), pages 15-34, 3rd quart.
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    15. Gayle Philip G. & Weisman Dennis L., 2007. "Efficiency Trade-Offs in the Design of Competition Policy for the Telecommunications Industry," Review of Network Economics, De Gruyter, vol. 6(3), pages 1-21, September.
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