Over the last decade, the United States and Canada overhauled their telecommunications markets through deregulation, using two different approaches. Because it is less regulation-intensive, the Canadian approach appears to be more desirable in the transition to competition

We assess the economic harms that would accrue if Canada were to adopt asymmetric rules of foreign ownership for incumbent carriers and entrants. We begin by reviewing the U.S. attempt to stimulate competition in local telecommunications markets through an analogous form of asymmetrical...