From the beginning, the debate on the likely results of the
proposed acquisition of T-Mobile USA by AT&T focused more on
the claims of the parties that "immense" merger efficiencies would
overwhelm any apparent losses of competition than on the presence
or absence of those losses, and the factors that might affect them,
such as market definition. The companies based their "economic
model" of the merger on estimates of efficiencies on AT&T's
"engineering model," without addressing the credibility of the
results of the latter in the context of the economics literature on
the telecommunications sector. In this paper we first argue that
the economics literature on economies of scale (especially) and
economies of density in mobile telephony suggests caution in
expecting such massive cost reductions from increasing the size of
an already very large firm. We then present new econometric
evidence from an international data base supporting the notion that
most large mobile telephone service providers have reached the
point of constant or even (rarely) declining returns to scale.
General
Imprint: |
Bibliogov
|
Country of origin: |
United States |
Release date: |
June 2013 |
First published: |
June 2013 |
Authors: |
Yan Li
|
Dimensions: |
246 x 189 x 2mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
32 |
ISBN-13: |
978-1-289-08461-5 |
Categories: |
Books >
Social sciences >
Politics & government >
General
|
LSN: |
1-289-08461-0 |
Barcode: |
9781289084615 |
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