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Promoting Competition in Telecommunications

Author

Listed:
  • Stiglitz, Joseph

    (The World Bank)

Abstract

There is a growing recognition of the importance of competition for the success of market economies, and of the need for government action both to maintain competition and to regulate industries where competition remains limited. In the area of telecommunications, upon which I shall focus today, we have seen examples where privatization has not delivered on its promises: in some cases access in certain vital areas has actually been reduced. Competition and regulatory policy are vital for a market economy. The fundamental theorems of welfare economics, assume that both private property and competitive markets exist in the economy. Until recently, however, emphasis was placed almost exclusively on creating private property, and privatization of public assets. A well designed privatization, where there is a good regulatory framework in place, can raise enormous revenues and at the same time increase services and lower prices.

Suggested Citation

  • Stiglitz, Joseph, 1999. "Promoting Competition in Telecommunications," UADE Working Papers 2_1999, Instituto de Economía, Universidad Argentina de la Empresa.
    • Handle: RePEc:ris:uadewp:1999_002
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    File URL: http://www.uade.edu.ar/DocsDownload/Publicaciones/4_228_1616_WPS002_1999.pdf
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    Citations

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    Cited by:

    1. Wallsten, Scott, 2003. "Regulation and internet use in developing countries," Policy Research Working Paper Series 2979, The World Bank.
    2. Romero, Carlos, 2010. "Servicio Universal en el proceso de privatización de las empresas de telecomunicaciones y agua potable y alcantarillado en el Paraguay," UADE Textos de Discusión 34_2001, Instituto de Economía, Universidad Argentina de la Empresa.
    3. M'HENNI, Hatem, 2004. "La fracture numérique Nord-Sud de la méditerranée; une explication néo-institutionnelle [A digital divide between north and south of Mediterranean sea: A neo-institutional explanation]," MPRA Paper 27548, University Library of Munich, Germany.
    4. Scott Wallsten, 2003. "Of Carts and Horses: Regulation and Privatization in Telecommunications Reforms," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 6(4), pages 217-231.
    5. Dmitrii Trubnikov, 2020. "The Russian Telecommunications Experience: a Positive Outcome of the Competitive Order in the Industry," Journal of Industry, Competition and Trade, Springer, vol. 20(1), pages 35-58, March.
    6. Dmitrii Trubnikov & Ekaterina Trubnikova, 2018. "Is Universal Service Justified By The Public Interest? From The Early Days To The Digital Age," Economic Affairs, Wiley Blackwell, vol. 38(2), pages 185-196, June.
    7. Trubnikov, Dmitrii (Трубников, Дмитрий), 2019. "Deregulation of European Telecommunications: The Role of Private Interests [Дерегулирование Европейских Телекоммуникаций: Роль Частных Интересов]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 142-165, August.
    8. Wallsten, Scott, 2002. "Does sequencing matter? regulation and privatization in telecommunications reforms," Policy Research Working Paper Series 2817, The World Bank.

    More about this item

    Keywords

    market economies; government; competition; regulate industries; telecommunications;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General

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