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Agenda Public Policy Overview Role of Competition Competitive Overview Mergers Acquisitions Price Discrimination Cross subsidies Conclusion Competitive Policy James Alleman Interdisciplinary Telecommunications Program University of Colorado Hagler Bailly Copyright 1997 1998 James Alleman All Rights Reserved James Alleman Public Policy Overview Public Policy Overview Goals Instruments Obstacles James Alleman University of Colorado Hagler Bailly Cost Minimization Correct Prices Rent Extraction Monopoly Equity University of Colorado Hagler Bailly James Alleman Public Policy Overview University of Colorado Hagler Bailly Public Policy Overview unleashing monopolies before real competition could mean unleashing monopolies before real competition could mean Higher prices for consumers Hinder competition Higher prices for consumers Hinder competition Transitional safeguards needed James Alleman University of Colorado Hagler Bailly James Alleman 1 6 University of Colorado Hagler Bailly Public Policy Overview Public Policy Instruments unleashing monopolies before real competition could mean Transitional safeguards needed RBOC s 14 points James Alleman Regulation Social Control Rate of Return Regulation ROR Benchmark Yardstick Incentive Regulation No Regulation Antitrust Monopoly Policy University of Colorado Hagler Bailly James Alleman Incentive Price Caps Regulation Role of Competition Competitive Entry Encouraged Limit on the Incumbent s Prices Productivity Factor James Alleman Allocation of Resources Incentive for Efficiency Threat of Entry Discipline University of Colorado Hagler Bailly James Alleman Role of Competition University of Colorado Hagler Bailly Additional Motivation for Competition Incentive for Efficiency Product Differentiation Cost Differences Benchmark Competition Prices costs Pressure to reduce costs Selection of more efficient firms Promote innovation Diminish regulatory imperfections James Alleman University of Colorado Hagler Bailly Yardstick



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