Effects Of Regulation On Investment And Innovation Incentives
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Overview: This paper from U.S. Department of the Treasury investigates some theoretical effects of alternative regulatory policies on investment and innovational incentives in the telecommunications industry. Currently, technological convergence is leading to the creation of common platforms for historically distinct voice, data video services; this will make a broad array of software defined services available to consumers and businesses and lead to more efficient use of network resources. However, this process threatens existing inter-carrier compensation systems and other support mechanisms that rest on a base of PSTN assets.