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Telecommunication Policy for the Information Age: From Monopoly to Competition
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About Telecommunication Policy For The Information
Product Description Gerald Brock develops a new theory of decentralized public decisionmaking and uses it to clarify the dramatic changes that have transformed the telecommunication industry from a heavily regulated monopoly to a set of market-oriented firms. He demonstrates how the decentralized decisionmaking process--whose apparent element of chaos has so often invited criticism--has actually made the United States a world leader in reforming telecommunication policy. Review “A factually rich analysis of telecommunication policymaking, Brock's book is the first insider's look at how policymakers struggled to mesh together economic efficiency, politics, markets, and technology to reach their goals--which often conflicted. After reading this carefully researched work by an outstanding academic who actually wound up in the fray, you will wonder how it was all accomplished.” ― Mark S. Fowler, former Chairman, Federal Communications Commission “I am aware of no work that treats the history of telephone regulation in the United States with such care, at such length, or so evenhandedly. Further, the book is not merely history but economic history, in the sense that the economic incentives giving rise to the behavior described are carefully explored, as are the economic consequences of each policy development.” ― Bruce M. Owen , Journal of Economic Literature “This is a clear, comprehensive, and brilliant analysis of the telecommunication policy process, since 1980, that has dealt with the transistion from monopoly to competition and is now reaching a climax in the pending Congressional legislation on the National Information Infrastructure.” ― Henry Geller, former administrator, NTIA “America's choices of policy toward telecommunication triggered a revolutionary reorganization and gain in this sector's efficiency, first in the United States, but prospectively worldwide. Brock's book carefully traces the decentralized policymaking process that brought this revolution about. It advances the existing literature in many ways, notably in a clear and comprehensive analysis of the role of network externalities.” ― Richard E. Caves From the Back Cover Will the rush of the information super-highway leave U.S. telecommunication policy in the dust - or will our policy keep pace with and effectively regulate the future of telecommunication? Former FCC Bureau Chief Gerald Brock argues that the existing agencies with overlapping responsibilities can set policies that will wisely steer the telecommunication industry through the high-speed changes just around the corner. Brock develops a new theory of decentralized public decision-making and uses it to clarify the dramatic changes that have transformed the industry from a heavily regulated monopoly to a set of market-oriented finds. In a uniquely authoritative, up-to-date history of telecommunication policy - informed in part by his firsthand experience - the author looks at decisions made by the FCC, state regulatory agencies, the Department of Justice, Congress, and federal courts. He demonstrates how the decentralized decision-making process - whose apparent element of chaos has so often invited criticism - has actually made the United States a world leader in reforming telecommunication policy. Brock traces the flow of information through the bureaucratic web that regulated the divestiture and earlier transitions, such as the first monopoly-eroding attachment of terminal equipment and the development of private microwave systems. Throughout his analysis, Brock convincingly shows that decentralized policymaking generates rational outcomes consistent with public preferences. Replete with details on the role of subsidies in influencing policy, and including in-depth analysis of events after the divestiture, this study could regenerate U.S. policymaking in telecommunication and other publicrealms. It will be essential reading for everyone interested in the current debate over Presid
