Telecommunications Pricing
Theory and Practice
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Product details:
- Publisher Cambridge University Press
- Date of Publication 29 November 1991
- ISBN 9780521426787
- Binding Paperback
- No. of pages328 pages
- Size 227x154x22 mm
- Weight 525 g
- Language English 0
Categories
Long description:
The past decade has witnessed a surge of pricing innovations in the U.S. telecommunications industry. This book systematically reviews recent innovations in the economic theory of pricing and extends results to the conditions which characterise telecommunications markets. The implementation of normative pricing theory is examined in selected US telephone tariffs, providing a rich and diverse data base and laboratory for examining the practical consequences of pricing innovations. The authors 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 practised by business and regulators. The general theoretical pricing principles and lessons of US pricing experience discussed are directly applicable to telecommunications services in other countries, and to numerous other industries including electricity, gas, rail and air transport, and postal services, as well as economists studying the economic theory of pricing.
"...an excellent survey of the theoretical literature on optimal pricing of utilities (with their own applications to telecommunications) coupled with a very up to date and fascinating discussion of actual pricing policies by local exchange and interexchange carriers. It is an excellent addition to previous books on regulation, but is particularly useful to those who want an overview of the current state of telecommunications economics." Journal of Economic Literature
Table of Contents:
List of figures; List of tables; Acknowledgments; Part I. Pricing and Telecommunications: 1. Introduction; 2. Telecommunications production, costs, and pricing; Part II. Recent Development in the Normative Economic Theory of Tariffs: 3. Types of tariffs; 4. Linear tariffs; 5. Nonlinear tariffs; 6. Cost-based tariffs; Part III. Telephone rate Structures in the United States: 7. Regulation and US retail rates; 8. Optional calling plans; 9. Business bulk-rate tariffs; 10. Pricing of carrier services; 11. Social tariffs; Part IV. Synthesis: 12. Synthesis of theory and practice; Appendix; Bibliography; Index; Selected list of RAND books.
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