By Paul J. J. Welfens, Mathias Weske (auth.), Professor Dr. Paul J. J. Welfens, Professor Dr. Mathias Weske (eds.)
The twenty first century is more and more formed by means of the growth of software program functions and electronic networking. This ebook analyzes the dynamics and affects of software program improvement and discusses new institutional and financial adjustments within the context of electronic industry economies. Regulatory ways in OECD nations are in comparison and nation experiences evaluated with recognize to innovation and welfare points. The ebook moreover examines telecommunications legislation of fastened line networks, cable television and cellular communications. there's additionally concentrate on the function of ecu framework law and problems with industry energy in addition to Schumpeterian dynamics.
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Extra resources for Digital Economic Dynamics: Innovations, Networks and Regulations, 1st Edition
It can be argued that the dominant form of private "free" TV stations relying on advertisement has negative welfare effects and thus is a doubtftil exercise. It has many elements of a socialist system in the sense that the viewer gets a free lunch while apparently not having to pay for this. However, it is clear that those who buy the goods advertised - which will have higher prices due to TV advertisement costs - will ultimately pay for free TV. The problem is shown in the following graph where the TV market is shown in the left-hand panel and the market for soft drinks (cola) in the right-hand panel.
The following reflections present a brief argument not just in favor of two-part tariffs but of differentiated two-part tariffs which could be highly relevant for regulators in telecommunications. Indeed, one could argue that uniform regulated prices at the wholesale level or in the access market are not Pareto-efficient, rather differentiated two-part tariffs are required. If the dominant operator is not offering differentiated two-part tariffs the regulator should impose a provision which enforces broadly differentiated two-part tariffs.
It is not known to which extent the strong role of Scandinavian countries in services innovations is linked to their strong position in ICT. J. Welfens Table 2. 5 Source: European Commission (2003), Staff Working Papers, European Innovation Scoreboard 2003, page 27, Brussels and own calculations. The careful exploitation of opportunities to raise productivity in the information and commtinication technology (ICT) could be a new and important policy element (BARFIELD/HEIDUKAVELFENS, 2002). Raising labour productivity was an important element of high growth in the US and several EU countries in the 1990s.