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Title: Interconnection Policy and Technological Progress (Telecommunications Act of 1996: Ten Years Later Symposium)
Author : Federal Communications Law Journal
Release Date : January 01, 2006
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 269 KB

Description

I. INTERCONNECTION POLICY BEFORE 1996 The network effect in telephone service makes a larger system more valuable to the consumer than a smaller system in the absence of interconnection. (1) Interconnection with no settlement payments among firms eliminates the network effect as a competitive factor and allows small firms to compete with large firms. Although network effects were not developed formally in the economics literature until the 1970s, nineteenth century railroad, telegraph, and telephone executives recognized the critical role of network effects in their strategic interactions with competitors. The emergence of network effects in telephone competition has been a joint product of technology and regulation. The characteristics of interconnection requested by competitors of the dominant firm has changed in a manner corresponding to the current technology. While public policy toward interconnection has also evolved, there is no mechanism that automatically adjusts the policy to changing technological requirements, and dominant firms can be expected to resist the extension of interconnection policy to accommodate new technological requirements.