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