Public policy in telecommunications: The third revolution

Telecommunications has undergone two major revolutions and is currently undergoing its third and potentially its greatest revolution. In each case, technology and markets drove the revolution, pressing against existing public policy constraints. Eventually, public policy adapted to these revolutions...

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Bibliographic Details
Published in:Information economics and policy 1995-09, Vol.7 (3), p.251-282
Main Author: Faulhaber, Gerald R.
Format: Article
Language:English
Subjects:
Applied sciences
Exact sciences and technology
Federal regulation
Policy making
Public policy
Regulation
Studies
Technological change
Telecommunications
Telecommunications and information theory
Telecommunications industry
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Summary:Telecommunications has undergone two major revolutions and is currently undergoing its third and potentially its greatest revolution. In each case, technology and markets drove the revolution, pressing against existing public policy constraints. Eventually, public policy adapted to these revolutions, but at significant economic cost. Public policy will continue to play a crucial role in telecommunications for the foreseeable future, especially as it (perhaps) evolves into the multimedia information infrastructure envisioned by many. However, the appropriate public policy mechanisms to ensure the maximum contribution of this sector to national income will be significantly different from today's policy institutions.
ISSN:0167-6245
1873-5975
DOI:10.1016/0167-6245(95)00002-2