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price review signaled a tightening in regulation which is shown to have led to a significant reduction in technical … inefficiency. The new economic environment set by price-cap regulation acted to bring inputs closer to their cost-minimizing levels …
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Numerous proposals have been made for separation in the telecommunications sector, some of which have been implemented, including the break-up of the Bell system in the 1980s and the widespread implementation of accounting separation. In recent years, attention has been focussed on operational...
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