Twenty years ago, the telecommunications industry was an established regulated monopoly. But improvements in technology and reductions in costs have ripped apart the premises of natural monopoly and the economic rationale for public utility regulation. The authors review past US...

Western economies, and the US in particular, are experiencing a dramatic diversification and proliferation of information activities which will effect all aspects of leisure and business. Against this background, Manley Irwin considers the nature of market entry, the reasons why markets are...

Divestiture, deregulation and market entry have not removed the burden of choice in US telecommunications policy. This report analyses the context in which the USA is struggling to strike a balance between regulation and global competition, and discusses the future prospects for regulation in...