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Regulation and the Performance of Communication and Information Networks

Edited by Gerald R. Faulhaber, Professor Emeritus of Business and Public Policy, University of Pennsylvania, US, the late Gary Madden, formerly Professor of Economics and Director, Communication Economics and Electronic Markets Research Centre, Curtin University and Jeffrey Petchey, Professor of Economics and Head, School of Economics and Finance, Curtin University, Australia
Digital markets worldwide are in rapid flux. The Internet and World Wide Web have traditionally evolved in a largely deregulated environment, but recently governments have shown great interest in this rapidly developing sector and are imposing regulations for a variety of reasons that are changing the shape of these industries. This book explores why the industrial organization of broadband ISPs, Internet backbone providers and content/application providers are in such turmoil.
Extent: 384 pp
Hardback Price: $165.00 Web: $148.50
Publication Date: 2012
ISBN: 978 0 85793 098 9
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  • Economics and Finance
  • Economic Regulation and Governance
  • Innovation and Technology
  • Technology and ICT
Digital markets worldwide are in rapid flux. The Internet and World Wide Web have traditionally evolved in a largely deregulated environment, but recently governments have shown great interest in this rapidly developing sector and are imposing regulations for a variety of reasons that are changing the shape of these industries. This book explores why the industrial organization of broadband ISPs, Internet backbone providers and content/application providers are in such turmoil.

The expert contributors straddle the turbulent past of the telecoms sector and also contribute to its exciting – though unpredictable – future via positive analysis of past communications policies, which is then utilized to deduce lessons to guide future policy making decisions. It is illustrated that broadband ISPs no longer simply provide a conduit for service delivery; they are also involved in producing content and transaction services themselves, in competition with content and delivery providers. The blurring of the traditional lines between these three sectors, as each enters into the others’ markets, is highlighted. The conclusion is that we are witnessing the emergence of powerful, competing platforms, linked in complex ways that challenge traditional economic analyses.

Exploring governance issues, regulation and investment, next-generation service markets and wireless communication, this book will prove a fascinating and illuminating read for scholars, researchers, post-graduate students and policymakers with an interest in ICT, technology and innovation, economics and industrial organization.
‘Due to their economic characteristics and also to their consequences on many aspects of collective life, information networks have always been at the edge of regulatory innovations and at the center of policy debates. The contributors of this volume combine long term visions of the factors determining regulatory policies with up-to-date analyses of technicalities to be dealt with, to provide the reader with an extended understanding of the issues and constraints shaping the future of digital networks.’
– Eric Brousseau, Université Paris-Dauphine, France and the European University Institute, Italy

Contributors: R. Albon, E. Baranes, J.M. Bauer, E. Bohlin, M. Cave, B.A. Cherry, K. DeMaagd, N. Economides, G.R. Faulhaber, B.P. Freyens, R. Frieden, S. Greenstein, H. Gruber, J.A. Hausman, C. Hogendorn, G. Madden, A. Morey, J. Petchey, B. Viard, I. Vogelsang, C.H. Vuong
Contents:

Foreword

Introduction

1. Challenges of Institutional Governance for Network Infrastructures: Reinstitution and Expansion of Legal Innovations
Barbara A. Cherry

2. Beyond Traditional Regulatory Models: Emerging Governance for New Networks
Rob Albon

3. Government Oversight of Next Generation Wireless Networks
Rob Frieden

4. Incentive Regulation, Investments and Technological Change
Ingo Vogelsang

5. Policy and Regulation for Next Generation Networks
Martin Cave

6. Sector Regulation and Investment Incentives: The European Experience
Harald Gruber

7. Pricing of Complements and Network Effects
Nicholas Economides and Brian Viard

8. Spillovers and Network Neutrality
Christiaan Hogendorn

9. Network Neutrality and Sector Performance: Exploring Policy Options with Simulation Methods
Kurt DeMaagd and Johannes M. Bauer

10. Mobile Communications: Economic and Social Impact
Gerald R. Faulhaber

11. Regulator Incentives and Third Generation National Mobile Telecommunications Market Entry
Gary Madden, Aaron Morey and Erik Bohlin

12. Licensing Options for Digital Dividend Spectrum: An Australian
Perspective
Benoît P. Freyens

13. Two-sided Markets with Substitution: Mobile Termination Revisited
Jerry A. Hausman

14. Policy Implications of Asymmetric Termination Rate Regulation in Europe
Edmond Baranes and Cuong Huong Vuong

15. The Absence of Data for Measuring the Economic Impact of IT in the US
Shane Greenstein

Index