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Access prices are important for competition in formerly monopolistic industries, and also for industries where competition has long been established such as payment and credit card networks or mobile telecommunications. Organized into five parts, this book provides theoretical and empirical analyses in access pricing and related topics.
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Systematically reviews recent innovations in the economic theory of pricing and extends results to the conditions which characterize telecommunications markets
This report addresses the regulation of access to telecommunication networks. Development of competition and the success of liberalisation often depend on the access terms and conditions chosen, and public policy interest in getting these terms and conditions right is important.
The development of competition and the success of liberalisation measures within public utility industries often depends on access terms and conditions. Prepared by the OECD's Competition Committee, this report focuses on the regulation of access to essential facilities within the telecommunications industry, drawing on theory and practice of access pricing to help regulators and policy-makers learn from OECD experiences to achieve efficient and competitive outcomes.
Debate about deregulation has focused considerable attention on the pricing policies of public utilities. Much work has been done by economists on this subject, and in this book the results of that research are presented and made accessible to students of economics. The main subject is the policy to be followed by a regulated monopoly, but the analysis is broadened to take account of a fringe of competitive suppliers, making it relevant to electric utilities and local telephone companies in the US, to PTT's in Europe, to the possible privatisatibn of telecommunications in Australia, and to the telecommunications structure in the UK where the dominant supplier has recently been privatised. The book gives a unified and simplified exposition of the modern theory of efficient pricing which is not available elsewhere. The theoretical discussion is supplemented by numerical simulation comparing Fully Distributed Cost Pricing, Ramsey Pricing, and Optimal Non-uniform Pricing.