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Oftel has now been the regulatory agency for UK telecommunications for over 15 years. The FCC has regulated US telecoms … million with a growth in mobile subscribers from zero to 24 million. Over the same period, telecommunications revenue as a … companies; and - Ensuring fair competition - a level playing field for all operators, incumbents and new entrants. Ensuring fair …
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When policy depends on popular support, it is unfeasible to obtain allocative efficiency under competitive markets and free entry. We derive that this fundamental impossibility result holds because policy as well as prices respond to factor allocations. In our baseline model, free entry regards...
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