Promoting Competition in Telecommunications

Joseph Stiglitz

No 2_1999, UADE Working Papers from Instituto de Economía, Universidad Argentina de la Empresa

Abstract: There is a growing recognition of the importance of competition for the success of market economies, and of the need for government action both to maintain competition and to regulate industries where competition remains limited. In the area of telecommunications, upon which I shall focus today, we have seen examples where privatization has not delivered on its promises: in some cases access in certain vital areas has actually been reduced. Competition and regulatory policy are vital for a market economy. The fundamental theorems of welfare economics, assume that both private property and competitive markets exist in the economy. Until recently, however, emphasis was placed almost exclusively on creating private property, and privatization of public assets. A well designed privatization, where there is a good regulatory framework in place, can raise enormous revenues and at the same time increase services and lower prices.

Keywords: market economies; government; competition; regulate industries; telecommunications (search for similar items in EconPapers)
JEL-codes: D40 L90 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1999-03-01
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.uade.edu.ar/DocsDownload/Publicaciones/4_228_1616_WPS002_1999.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.uade.edu.ar/DocsDownload/Publicaciones/4_228_1616_WPS002_1999.pdf [302 Moved Temporarily]--> https://www.uade.edu.ar/DocsDownload/Publicaciones/4_228_1616_WPS002_1999.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:uadewp:1999_002

Access Statistics for this paper

More papers in UADE Working Papers from Instituto de Economía, Universidad Argentina de la Empresa Contact information at EDIRC.
Bibliographic data for series maintained by Mariano E. Gonzalez ().