This book shows hows how regulatory reform has produced substantial economic and social benefits for citizens by enhancing competition and reducing regulatory costs. It can boost efficiency, sharply reduce prices, stimulate innovation, and improve the ability of economies to adapt to change and...

Governments often regulate prices for public utilities. As telecommunication services markets have been opened to competition, new ways had to be found to regulate prices of the former monopoly carriers.

Information is power. Nowhere is this truer than in regulation; and in telecommunications regulation particularly. For the complexity of the telecommunications systems to be regulated and the rapidly developing technology involved means that, in telecommunications even more than elsewhere,...