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23rd European Regional ITS Conference, Vienna 2012 >
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http://hdl.handle.net/10419/66976
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| Title: | | Changing the rules: Applying a more economic approach to dynamic telecom markets  |
| Authors: | | Krancke, Jan Vidal, Miguel Fier, Andreas |
| Issue Date: | | 2012 |
| Series/Report no.: | | 23rd European Regional Conference of the International Telecommunication Society, Vienna, Austria, 1-4 July 2012 |
| 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. |
| Subjects: | | Telecommunications Regulation Network investments Platforms Innovation Next generation networks |
| Document Type: | | Conference Paper |
| Appears in Collections: | | 23rd European Regional ITS Conference, Vienna 2012
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