Preissl / Curwen / Haucap Telecommunication Markets

Drivers and Impediments
2009
ISBN: 978-3-7908-2082-9
Verlag: Physica-Verlag HD
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 526 Seiten

Reihe: Contributions to Economics

Telecommunication markets are characterized by a dynamic development of technology and market structures. The specific features of network-based markets, convergence of previously separate spheres and the complex task of market regulation put traditional theoretical approaches as well as current regulatory policies to the test. This book sheds light on some of the challenges ahead. It covers a vast range of subjects from the intricacies of market regulation to new markets for mobile and internet-related services. The diffusion of broadband technology and the emergence of new business strategies that respond to the technological and regulatory challenges are treated in the book's 24 chapters.

Autoren/Hrsg.

Curwen, Peter

Haucap, Justus

Preissl, Brigitte

Inhaltsverzeichnis

1;Contents;5
2;Contributors;8
3;Introduction;14
3.1;Theoretical Perspectives;15
3.2;Internet Issues;16
3.3;Broadband Issues;18
3.4;Mobile Drivers;19
3.5;Business Strategy;21
3.6;Emerging Markets;23
3.7;New Perspectives on the Regulatory Framework;24
4;Part I Theoretical Perspectives;27
4.1;General Access Payment Mechanisms;28
4.1.1;Introduction;28
4.1.2;A Brief Review of Policy and Theory;31
4.1.3;A Stylized Model;40
4.1.4;Special Cases;43
4.1.5;Conclusions;49
4.1.6;References;49
4.2;Competition and Cooperation in Internet Backbone Services;51
4.2.1;Introduction;51
4.2.2;Network Effects in Internet Service Provision;53
4.2.3;Terms of Interconnection Among ISPs in a Competitive Environment;53
4.2.4;Dominance at the Tier-1 Level;58
4.2.5;Collusion on the Tier-1 Level;63
4.2.6;Conclusions;66
4.2.7;References;67
4.3;A Behavioral Economic Interpretation of the Preference for Flat Rates: The Case of Post-paid Mobile Phone Services;69
4.3.1;Introduction;69
4.3.2;Telecommunications Services in Japan and Consumers’ Flat-Rate Preference;71
4.3.3;Interpreting Flat-Rate Preference through Behavioral Economics;72
4.3.4;The Empirical Study;75
4.3.5;Conclusion;82
4.3.6;References;83
4.4;Regulation of International Roaming Charges – The Way to Cost-Based Prices?;84
4.4.1;Introduction;84
4.4.2;Roaming Technology;85
4.4.3;Techno-economic Analysis of Roaming Costs;89
4.4.4;Regulation of Wholesale Prices;91
4.4.5;Regulation of Retail Prices;95
4.4.6;Discussion;99
4.4.7;References;101
5;Part II Internet Issues;102
5.1;Substitution Between DSL, Cable, and Mobile Broadband Internet Services;103
5.1.1;Introduction;103
5.1.2;The Austrian Market for Broadband Internet Services;104
5.1.3;Consumer Survey Results;106
5.1.4;Estimation Results;111
5.1.5;The Development of Mobile Broadband;115
5.1.6;Conclusions;117
5.1.7;References;117
5.2;Search Engines for Audio-Visual Content: Copyright Law and Its Policy Relevance;120
5.2.1;Introduction;121
5.2.2;Search Engine Technology;123
5.2.3;Copyright in the Search Engine Context: Business Rationale and Legal Arguments;129
5.2.4;Policy Dimension: Placing the Copyright Debate in the Audio-Visual Context;138
5.2.5;Conclusions;144
5.3;Search Engines, the New Bottleneck for Content Access;147
5.3.1;How a Search Engine Works;148
5.3.2;The Search Engine Market;149
5.3.3;Where Does the Money Come from?;150
5.3.4;Manipulation of Search Results;152
5.3.5;Data Retention and Content Aggregation;154
5.3.6;Regulatory Aspects;156
5.3.7;Analysis;160
5.3.8;References;161
5.4;E-Commerce Use in Spain;163
5.4.1;Introduction;163
5.4.2;E-Commerce and Internet Use;165
5.4.3;Descriptive Analysis and Definition of Variables;165
5.4.4;Specification of the Demand Models;168
5.4.5;Conclusions;174
5.4.6;Appendix;176
5.4.7;References;177
6;Part III Broadband Issues;179
6.1;The Diffusion of Broadband-Based Applications Among Italian Small and Medium Enterprises;180
6.1.1;Introduction;180
6.1.2;The Dataset;182
6.1.3;The Empirical Model;183
6.1.4;The Results;186
6.1.5;Conclusions and Future Research Directions;189
6.1.6;References;190
6.2;Drivers and Inhibitors of Countries’ Broadband Performance – A European Snapshot;192
6.2.1;Introduction;192
6.2.2;Broadband Development Drivers;194
6.2.3;Research Model and Method;199
6.2.4;Results;204
6.2.5;Conclusions;209
6.2.6;References;210
6.3;The Telecom Policy for Broadband Diffusion: A Case Study in Japan;212
6.3.1;Introduction;212
6.3.2;Means for Broadband Diffusion;214
6.3.3;Unbundling and New Entrants in Japan;215
6.3.4;The Japanese Telecom Policy;217
6.3.5;The Evaluation of the Japanese Telecom Policy;223
6.3.6;References;223
7;Part IV Mobile Drivers;225
7.1;Mobile Termination Carrier Selection;226
7.1.1;Introduction;226
7.1.2;Calling-Party-Pays;228
7.1.3;Receiving-Party-Pays and Bill-and-Keep;229
7.1.4;The Principle of Mobile Termination Carrier Selection;230
7.1.5;Mobile Termination Carrier Selection at the Retail Level and at the Wholesale Level;233
7.1.6;Merits and Problems;236
7.1.7;Conclusion;237
7.1.8;References;238
7.2;Countervailing Buyer Power and Mobile* Termination;239
7.2.1;Introduction;239
7.2.2;Policies of the European Union;240
7.2.3;Exercise of CBP;243
7.2.4;Regulatory Intervention;245
7.2.5;Relaxing of Regulation;245
7.2.6;Conclusions;247
7.2.7;References;248
7.3;National Roaming Pricing in Mobile Networks;250
7.3.1;Introduction;250
7.3.2;Competitive Neutral National Roaming Rate;254
7.3.3;The National Roaming Access Prices and Incentives to Invest;259
7.3.4;Conclusion;264
7.3.5;References;265
7.4;Can Competition Be Introduced Via the Issue of New Mobile Telephony Licences: The Experience of 3G Licensing in Europe;266
7.4.1;Introduction;266
7.4.2;3G Licensing in Europe;267
7.4.3;3G New Entrants;275
7.4.4;Discussion;280
7.4.5;Conclusions;282
7.4.6;References;283
7.5;Does Regulation Impact the Entry in a Mature Regulated Industry? An Econometric Analysis of MVNOs;284
7.5.1;Introduction;284
7.5.2;Regulation, New Institutional Economics and Fringe Entry into a Mature Industry;286
7.5.3;Model, Data Collection and Variables;291
7.5.4;Empirical Test;294
7.5.5;Results and Discussion;300
7.5.6;Appendix: Entry differentiation by contract;304
7.5.7;References;305
8;Part V Business Strategy;307
8.1;Exploring Technology Design Issues for Mobile Web Services;308
8.1.1;Introduction;309
8.1.2;Business Models;310
8.1.3;Exploring Technology Design Issues in MWS;311
8.1.4;Conclusions;320
8.1.5;Limitations and Next Research Steps;321
8.1.6;References;322
8.2;Business Models for Wireless City Networks in the EU and the US: Public Inputs and Public Leverage;324
8.2.1;Introduction;324
8.2.2;Business Model Configurations;327
8.2.3;Private–Private Model;328
8.2.4;Private–Wholesale Model;330
8.2.5;Public–Public Model;331
8.2.6;Public–Wholesale Model;332
8.2.7;Open Site Model;333
8.2.8;Community Model;334
8.2.9;Conclusion: Comparison of Public Inputs and Returns;335
8.2.10;References;338
8.3;Managing Communications Firms in the New Unpredictable Environments: Watch the Movies;340
8.3.1;Introduction;340
8.3.2;Managing Uncertainty?;341
8.3.3;Movies and Power Laws;343
8.3.4;Business as a Complex, Unpredictable System;345
8.3.5;The Movie Business as a Complex System;346
8.3.6;Dealing With Unpredictability Through Resilience;349
8.3.7;Conclusions;357
8.3.8;References;360
8.4;Shareholder Wealth Effects of Mergers and Acquisitions in the Telecommunications Industry;362
8.4.1;Introduction;362
8.4.2;Development of Hypotheses;365
8.4.3;Theory and Methodology;370
8.4.4;Empirical Results;381
8.4.5;Discussion and Conclusion;385
8.4.6;References;392
9;Part VI Emerging Markets;394
9.1;Next Generation Networks: The Demand Side Issues;395
9.1.1;Overview;395
9.1.2;Future Demand and the Market for Communications;397
9.1.3;Conclusion;411
9.1.4;References;412
9.2;Technical, Business and Policy Challenges of Mobile Television;414
9.2.1;Introduction;414
9.2.2;Factors Influencing Mobile TV;415
9.2.3;Mobile TV in South Korea;419
9.2.4;Mobile TV in the United States;423
9.2.5;Lessons and Outlook;427
9.2.6;References;428
9.3;A Cross-Country Assessment of the Digital Divide;430
9.3.1;Introduction;430
9.3.2;Literature Review;431
9.3.3;Model of Communications Share;443
9.3.4;Conclusion;443
9.3.5;References;444
9.4;Russian Information and Communication Technology in a Global Context;445
9.4.1;Introduction;445
9.4.2;Russia in the Worldwide Information Space;446
9.4.3;The Role of ICT for the Development of the Russian National Economy;448
9.4.4;The Role of Techno-Parks;451
9.4.5;The Future of the Internet in Russia;452
9.4.6;Conclusions and Actual Tasks;454
9.4.7;References;455
10;Part VII New Perspectives on the Regulatory Framework;456
10.1;The Regulatory Framework for European Telecommunications Markets Between Subsidiarity and Centralization;457
10.1.1;Introduction;458
10.1.2;The Benefits and Costs of Centralization;460
10.1.3;Important Particularities of Telecommunications Markets;464
10.1.4;On the Political Economy of (De-)regulation;466
10.1.5;A Brief Evaluation of Current Policy Proposals;468
10.1.6;An Alternative Institutional Proposal;470
10.1.7;Conclusions;472
10.1.8;References;472
10.2;Surveying Regulatory Regimes for EC Communications Law;474
10.2.1;Introduction;474
10.2.2;Defining the Problem;475
10.2.3;Assessing the Alternatives;478
10.2.4;Sustaining the Status Quo;485
10.2.5;Conclusion;490
10.2.6;References;491
10.3;Innovation and Regulation in the Digital Age: A Call for New Perspectives;495
10.3.1;Introduction;495
10.3.2;Strained Relations Between Innovation and Regulation;497
10.3.3;Rethinking Regulation on the Basis of Innovation and the Mobilization of Productive Resources;508
10.3.4;Conclusion;513
10.3.5;References;516