We analyse network competition in a market with international calls. National regulatory agencies (NRAs) have …. International network ownership and deregulation are alternatives to combat the incentives of NRAs to distort termination rates. We …

This paper questions whether competition can replace sector-specific regulation of mobile telecommunications. We show … negotiations. A light-handed regulatory policy can induce effective competition. Call prices are close to the marginal cost if the … case of many networks and high network substitutability. …

I generalize the workhorse model of network competition to include income effects in demand. Empirical work has shown … regulatory concern about excessive termination rates: Unregulated network operators competing in non-discriminatory retail …