The Liberalization of the Telecommunications Sector: A Rent-Seeking Perspective

• Autores: Alden Abbott, Gordon Brady
• Localización: European journal of law and economics, ISSN 0929-1261, Vol. 8, Nº 1, 1999, págs. 63-77
• Idioma: inglés
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• Resumen

  • This paper assesses market liberalization in the telecommunications industry from a rent-seeking perspective. Our focus is on United States regulation, with corollary international developments that are spurring competition. The analysis which is general in approach, assesses pervasive government controls which have long shaped the nature of competition in the telecommunication sectors. We find that government has been a means for retarding competition and innovation in the telecommunications sector through the actions of rent-seeking agents. Rapid technological change, however, increasingly is rendering traditional government regulation obsolete. This change is spurring welfare-enhancing competition, regulatory reform, and privatization in the telecommunications sector.