Telecommunications Pricing - Theory and Practice (Hardcover, New)

The past decade has witnessed a surge of pricing innovations in the US telecommunications industry. This volume systematically reviews recent innovations in the economic theory of pricing and extends results to conditions that characterize telecommunications markets. It then examines the implementation of normative pricing theory in selected US telephone tariffs. The experience accumulated in the United States provides a rich and diverse data base and a laboratory for examining the practical consequences of pricing innovations. Throughout this volume the objective is to develop and illuminate the relationships between the normative economic theory of pricing--with its objectives of social welfare, economic efficiency, and fairness--and telecommunications pricing as it is practiced by business and regulators. In particular, the new pricing schemes are related to the theory of multiproduct and nonlinear pricing. The book describes the welfare and competitive properties of such pricing schemes and draws conclusions for future pricing problems in the areas of broadband networks and open network architecture. Many of the general theoretical pricing principles and lessons from US pricing experience should prove directly applicable to telecommunications services in other countries and to other industries, including electricity and natural gas supply, air and rail transportation, and postal and parcel services.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	November 1991
First published:	1991
Authors:	Bridger M. Mitchell • Ingo Vogelsang
Dimensions:	236 x 158 x 24mm (L x W x T)
Format:	Hardcover
Pages:	328
Edition:	New
ISBN-13:	978-0-521-41667-2
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy
LSN:	0-521-41667-1
Barcode:	9780521416672

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