TITLE

Strategies for Maintaining Market Power in the Face of Rapidly Changing Technologies

AUTHOR(S)
Mansell, Robin
PUB. DATE
December 1997
SOURCE
Journal of Economic Issues (Association for Evolutionary Economi;Dec97, Vol. 31 Issue 4, p969
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Innovations in advanced information and communication technologies are calling into question conventional wisdom about markets for the production and consumption of information and communication services. The rapid diffusion of these services has led to the conclusion on the part of some analysts that the need to maintain regulations designed to curb the market power of monopolists is greatly diminished. Where it is retained, it constrains and suppresses innovative activities and the competitiveness of national markets. These analysts point to the erosion of the monopolies of the public telecommunication operators by new entrants, to the introduction of open computerized service platforms and transparent network interconnection arrangements, and the proliferation of diversified service options for a wide spectrum of users as evidence of the effectiveness of competition. While there are multiple instances of transformations in the information and communication services marketplace that offer new entry opportunities, the manifestation of competition in previously closed or highly regulated markets cannot be taken as sufficient evidence of the end of monopolization.
ACCESSION #
70598

 

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