Subscribing to Monopoly : The Telecom Monopolist's Lexicon-Revisited

Subscribing to Monopoly : The Telecom Monopolist's Lexicon-Revisited

Wasteful duplication of facilities, uneconomic entry, universal service, and cream skimming are the catchphrases used by many telecom executives, civil servants, and merchant bankers in arguing for continuing telecom monopolies and cross-subsidies....

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Bibliographic Details
Main Author: Smith, Peter
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
BUSINESS TELEPHONE SERVICE
COMPETITIVE MARKETS
ECONOMIC DEMAND
ECONOMIC EFFICIENCY
ECONOMIC LOSS
ECONOMIC OUTCOMES
ECONOMIES OF SCALE
ECONOMIES OF SCOPE
EES
INEFFICIENCY
LOCAL BUSINESS
MONOPOLY
NATURAL MONOPOLY
PER CAPITA INCOME
PHONE LINE
POOR PERFORMANCE
PRIVATE SECTOR DEVELOPMENT
PROFIT MARGINS
PUBLIC POLICY
REGULATORY AGENCY
TELECOM
TELECOMMUNICATIONS
TELECOMMUNICATIONS AUTHORITY
TELECOMMUNICATIONS POLICY
TELECOMMUNICATIONS SECTOR
TELECOMMUNICATIONS SERVICES
TELEPHONE
TELEPHONE COMPANIES
TELEPHONE SERVICE
TELEVISION
TOTAL COSTS
UNIVERSAL SERVICE MONOPOLIES
MARKET COMPETITION
Online Access:http://documents.worldbank.org/curated/en/1995/09/441466/subscribing-monopoly-telecom-monopolists-lexicon-revisited
http://hdl.handle.net/10986/11653
Description
Summary:Wasteful duplication of facilities, uneconomic entry, universal service, and cream skimming are the catchphrases used by many telecom executives, civil servants, and merchant bankers in arguing for continuing telecom monopolies and cross-subsidies. The author explains why their arguments are wrong.

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