Telecommunications Pricing: Theory and Practice

by Bridger M. Mitchell, Ingo Vogelsang

Overview

The past decade has seen a surge of pricing innovations in the U.S. telecommunications industry. This book systematically reviews recent innovations in the economic theory of pricing and extends results to the conditions that characterize telecommunications markets. The authors develop and illuminate the normative theory of pricing—with its objectives of social welfare, economic efficiency and fairness—and compare it with the practice of business and regulators.

Product Details

ISBN-13:	9780521426787
Publisher:	Cambridge University Press
Publication date:	11/29/1991
Edition description:	New Edition
Pages:	328
Product dimensions:	6.06(w) x 8.94(h) x 0.87(d)

Table of Contents

List of figures; List of tables; Acknowledgments; Part I. Pricing and Telecommunications: 1. Introduction; 2. Telecommunications production, costs, and pricing; Part II. Recent Development in the Normative Economic Theory of Tariffs: 3. Types of tariffs; 4. Linear tariffs; 5. Nonlinear tariffs; 6. Cost-based tariffs; Part III. Telephone rate Structures in the United States: 7. Regulation and US retail rates; 8. Optional calling plans; 9. Business bulk-rate tariffs; 10. Pricing of carrier services; 11. Social tariffs; Part IV. Synthesis: 12. Synthesis of theory and practice; Appendix; Bibliography; Index; Selected list of RAND books.

Editorial Reviews

"...an excellent survey of the theoretical literature on optimal pricing of utilities (with their own applications to telecommunications) coupled with a very up to date and fascinating discussion of actual pricing policies by local exchange and interexchange carriers. It is an excellent addition to previous books on regulation, but is particularly useful to those who want an overview of the current state of telecommunications economics." Journal of Economic Literature

From the Publisher