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, in which regulation has been imposed on what appears to be a competitive industry. We introduce a framework which … the efficient and the monopoly benchmarks. There remains a rationale for regulation, albeit reduced relative to the …
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and network effects. It argues that the regulation of mobile termination rates based on fully allocated costs, or “long …
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externalities and network effects. It shows that the regulation of mobile termination rates based on "long-run incremental costs …
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