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In examining the effects of the communications revolution on economic performance, the paper makes a distinction between the exchange and policing aspects of transactions costs and shows how they can be mapped into what are distinguished as the material and cosmological beliefs of different...
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telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are … the successful introduction of competition in the telecommunications sector. The main reason behind this success is that … opened up to competition. The success in the telecommunications sector is often used as an argument for opening up other …
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