Technology Evolution and the Internet
Sumit Kumar Majumdar, Martin Cave, Ingo Vogelsang
Elsevier, 2005 - Business & Economics - 663 pages
The objective of the second volume of the Handbook of Telecommunications Economics is to highlight the economic aspects of the evolution of communications technologies beyond the basic fixed-line telephony infrastructure that was covered in Volume 1. In that book, structural, regulatory and competition policy issues with respect to a well-known technology were covered. Yet, technological options have increased in a quantum manner. Fuelled by the creativity of entrepreneurs and policy-makers world wide, it is safe to infer that a process of creative destruction is well underway. Volume 2 covers the major technological developments and tracks the changes in these developments, linking them to the ways that both communications can take place and that institutions and policies can evolve. Written by world leading scholars in a manner that will be appreciated by a wide audience of academics and professionals, the fifteen detailed reviews that make up this book provide an academic perspective on these contemporary changes.
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Este es el segundo volumen. In the first volume they authors provide an economic review of and commentary on these changes (These include technology changes -especially the effects of digitalization; introduction of new products including internet-based services, and convergence associated with the coming together of the broadcasting, information technology and telecommunications industries. Simultaneously, market structure has changed through the replacement of the former monopolistic, vertically integrated telephone companies by a variety of competing firms. These developments have been accompanied by major legislative and regulatory developments, including the passage in the United States of hte 1996 Telecommunications Act and the introduction of a large number of new laws and regulations in Europe and elsewhere. The same changes have seen a massive expansion of independent regulatory agencies. The major role has been to determine the terms of competitive interactions between the existing incumbent operators and new entrants.) in the landscape of what is arguably a very major industry. It attempts to provide a comprehensive account of the major applications of economic analysis to our field of interest, which is essentially two-way communications between parties that are not in physical contact with each other by means of fixed line telephony, mobile telephony, satellite telephony, cable TV telephony and Internet telephony. To a significant extent, voice communication is the process of interest.