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Item Details
| Title:
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OPENING NETWORKS TO COMPETITION
THE REGULATION AND PRICING OF ACCESS |
| By: |
David Gabel (Editor), David F. Weiman (Editor) |
| Format: |
Hardback |
| List price:
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£119.99 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
0792380193 |
| ISBN 13: |
9780792380191 |
| Publisher: |
KLUWER ACADEMIC PUBLISHERS |
| Pub. date: |
30 October, 1997 |
| Edition: |
1998 ed. |
| Series: |
Topics in Regulatory Economics and Policy v. 27 |
| Pages: |
245 |
| Description: |
Addressing the problems of regulating and pricing access in network industries, this text assesses regulation and pricing access in network industries, and presents a variety of case studies examining interconnection issues over time and across industries. |
| Synopsis: |
David Gabel and David F. Weiman The chapters in this volwne address the related problems of regulating and pricing access in network industries. Interconnection between network suppliers raises the important policy questions of how to sustain competition and realize economic efficiency. To foster rivalry in any industry, suppliers must have access to customers. But unlike in other sectors, the very organization of network industries creates major impediments to potential entrants trying to carve out a niche in the market. In traditional sectors such as gas, electric, rail, and telephone services, these barriers take the form of the large private and social costs necessary to duplicate the physical infrastructure of pipelines, wires, or tracks. Few firms can afford to finance such an undertaking, because the level of sunk costs and the very large scale economies make it extremely risky. In other newer sectors, entrants face less tangible but no less pressing constraints. In the microcomputer industry, for example, high switching costs can prevent users from experimenting with alternative, but perhaps more efficient hardware platforms or operating systems.Although gateway technologies can reduce these barriers, the installed base of an incumbent can create powerful bandwagon effects that reinforce its advantage (such as the greater availability of compatible peripherals and software applications). In the era of electronic banking, entrants into the automated teller machine* (A TM) and credit card markets face a similar problem of establishing a ubiquitous presence. |
| Illustrations: |
biography |
| Publication: |
US |
| Imprint: |
Kluwer Academic Publishers |
| Returns: |
Returnable |
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