Around the world, regulators since 1996 have mandated that incumbent local exchange carriers (ILECs) offer competitors access to their network at regulated prices that reflect forward-looking cost. Regulated prices for unbundled network elements are based on total element long-run incremental...

The year 2005 began with the announcements that the two leading long-distance carriers — AT&T and MCI — were being acquired by two of the four major incumbent local exchange carriers — SBC and Verizon — and ended with regulatory approval virtually completed. Shortly thereafter, the new...

This article describes the path leading to the FCC's decision to regulate the Internet, the legal battle that has ensued, the positions of interested parties, the stakes from their perspectives, the rules themselves, and the likely effects of those rules on network providers and application...