Description
Telecommunications markets around the world are undergoing fundamental changes, moving away from monopolies to liberalized markets with a large variety of entrants. Such changes have been made possible by advances in technology, which have undermined the case for state-owned monopolies. Nevertheless, regulation is still crucial in several market segments, especially within fixed telephony. This book develops a thorough understanding of the microeconomic mechanisms at play. It fills the gap between the economic literature on competition and regulation in telecommunications and applications to specific market environments. The authors extensively use simulation models in Mathematica software, which are available for readers. The book is designed to appeal to academics, policy makers and other practictioners.
