Telecommunications Pricing

Theory and Practice

By: Bridger Mitchell, Ingo Vogelsang

Write A Review

Paperback | 16 March 1992

At a Glance

Paperback
328 Pages

Dimensions(cm)
22.86 x 15.24 x 1.85

Paperback

RRP $63.95

$61.75

or 4 interest-free payments of $15.44 with

Ships in 5 to 7 business days

The past decade has witnessed a surge of pricing innovations in the US telecommunications industry. This volume systematically reviews recent innovations in the economic theory of pricing and extends results to conditions that characterize telecommunications markets. It then examines the implementation of normative pricing theory in selected US telephone tariffs. The experience accumulated in the United States provides a rich and diverse data base and a laboratory for examining the practical consequences of pricing innovations. Throughout this volume the objective is to develop and illuminate the relationships between the normative economic theory of pricing--with its objectives of social welfare, economic efficiency, and fairness--and telecommunications pricing as it is practiced by business and regulators. In particular, the new pricing schemes are related to the theory of multiproduct and nonlinear pricing. The book describes the welfare and competitive properties of such pricing schemes and draws conclusions for future pricing problems in the areas of broadband networks and open network architecture. Many of the general theoretical pricing principles and lessons from US pricing experience should prove directly applicable to telecommunications services in other countries and to other industries, including electricity and natural gas supply, air and rail transportation, and postal and parcel services.

Industry 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

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $89.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

You Can Find This Book In

Non-Fiction Industry & Industrial Studies Media, Entertainment, Information & Communication Industries Economics Economic Theory & Philosophy Economic History Engineering & Technology Electronics & Communications Engineering Communications Engineering & Telecommunications Labour Economics

List of figures	p. xii
List of tables	p. xiv
Acknowledgments	p. xv
Pricing and Telecommunications
Introduction	p. 3
Telecommunications pricing	p. 3
Theory and practice	p. 4
Overview	p. 6
Telecommunications production, costs, and pricing	p. 7
Stylized telecommunications technology	p. 7
The US context	p. 15
Major tariff developments	p. 17
Recent Developments in the Normative Economic Theory of Tariffs
Types of tariffs	p. 23
The context	p. 23
Normative framework	p. 26
Overview of tariff types	p. 34
Linear tariffs	p. 38
Marginal-cost prices	p. 38
Ramsey pricing (demand-oriented tariffs)	p. 43
Ramsey pricing with competition	p. 48
Ramsey pricing with consumption externalities	p. 55
Definition of services	p. 61
Customer-class pricing	p. 64
Dynamic pricing	p. 66
Conclusions	p. 72
Nonlinear tariffs	p. 73
The consumption framework	p. 73
Two-part tariffs	p. 77
Two-part tariffs with consumption externalities	p. 81
Discriminatory two-part tariffs	p. 83
Smooth nonlinear tariffs	p. 85
Discrete multipart and optional two-part tariffs	p. 95
Tying/bundling versus unbundling	p. 105
Nonlinear tariffs in oligopoly	p. 112
Second-best piecemeal policy	p. 114
Cost-based tariffs	p. 118
Subsidy-free pricing	p. 118
Cost-axiomatic pricing	p. 134
Fully distributed-cost pricing	p. 137
Special issues of carrier rates	p. 140
Second-best piecemeal policy revisited	p. 143
Telephone Rate Structures in the United States
Regulation and US retail rates	p. 149
The impact of regulation on rate setting	p. 149
Basic US retail rates	p. 156
Price caps	p. 167
Optional calling plans	p. 176
Theory of optional tariffs reconsidered	p. 176
Development of ATandT's optional calling plan	p. 188
Nationwide optional calling plans	p. 194
FCC guidelines for optional calling plans	p. 199
Business bulk-rate tariffs	p. 201
Local rates	p. 201
WATS tariffs	p. 202
800-number services	p. 206
Virtual private networks	p. 207
Discounts for bundling	p. 208
Private lines	p. 210
Custom tariffs	p. 211
Pricing of carrier services	p. 213
Carrier access rates	p. 213
Bypass of the local exchange	p. 216
Incentive effects	p. 216
Nonlinear pricing of carrier access	p. 221
Social tariffs	p. 224
Telephone penetration	p. 224
Goals of social tariffs	p. 227
The history of social tariffs	p. 228
Description of state programs	p. 230
The costs of social tariffs	p. 239
The welfare impact of social tariffs	p. 243
Synthesis
Synthesis of theory and practice	p. 249
Lessons from pricing theory	p. 249
Assessing practice in light of theory	p. 252
Pricing and the future	p. 258
US telephone price indexes	p. 264
Bibliography	p. 287
Index	p. 301
Selected list of RAND books	p. 308
Table of Contents provided by Syndetics. All Rights Reserved.

Telecommunications Pricing

Theory and Practice

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

More in Economics

Privatising humanity

How our essential human needs became financial assets

Escape From Capitalism

Economics is Political, and Other Liberating Truths

The Story of Capital

What Everyone Should Know about How Capital Works

The Serviceberry

An Economy of Gifts and Abundance

How to Win a Trade War

Cultural Safety in Trauma-Informed Practice from a First Nations Perspective

Billabongs of Knowledge

The Global Casino

How Wall Street Gambles with People and the Planet

Incorruptible

Why Good Companies Go Bad and How Great Companies Stay Great

Goliath's Curse

The History and Future of Societal Collapse

Open to Work

How to Get Ahead in the Age of AI

Goliath's Curse

The History and Future of Societal Collapse

The Trading Game

A Confession

Blindspotting

How to see what others miss

How Europe Underdeveloped Africa

Talking to My Daughter

The Sunday Times Bestseller

Technofeudalism

What Killed Capitalism

The World for Sale

Money, Power and the Traders Who Barter the Earth's Resources

1929

The Inside Story of The Greatest Crash in Wall Street History

The Anarchy

The Relentless Rise of the East India Company

Bullshit Jobs

A Theory

Putin's People

How the KGB Took Back Russia and then Took On the West

Think and Grow Rich

The Landmark Bestseller--Now Revised and Updated for the 21st Century

London Falling

A Mysterious Death in a Gilded City, and a Family's Search for Truth

Humankind

A Hopeful History - from the presenter of the 2025 BBC 'Moral Revolution' Reith lectures

This product is categorised by