charge lower prices by introducing more competition among them. I test the empirical implications of models of switching …

Local telecommunications competition was an important goal of the 1996 Telecommunications Act. We evaluate the consumer … gains a monthly equivalent of $2.33, or 6.2% of her bill, in welfare from competition. These gains accrue primarily from …

. Residential local phone service competition was an important goal of the 1996 Telecommunications Act. We provide a detailed …' services gain on average an equivalent of $2.33 per month in overall welfare from local telecommunications services, or 6.2% of …

We study how access pricing affects network competition when consumers' subscription demand is elastic and networks … show that a reduction of the termination charge below cost has two opposing effects: it softens competition and it helps to … termination charge below cost, either to soften competition or to internalize the network effect. The regulator will favor …