Motivated by recent UK experience, we study the problem of mobile call termination. This is an intriguing policy story, in which regulation has been imposed on what appears to be a competitive industry. We introduce a framework which integrates two existing literatures: one analyzing...

This paper models settlement arrangements between international telecommunication carriers. The FCC in the U.S. claims these arrangements cost U.S. consumers billions of dollars annually, largely to subsidize foreign carriers in low-income countries. Our model shows why income differentials...