Deregulation and the Default Service Obligation: Putty-Putty, Putty-Clay or Humpty-Dumpty?

Topics:
Bankruptcies
Tags:
Deregulation,
Government,
Regulations
Source:
University of Pennsylvania

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Overview: This paper provides a critical examination of the relationship between deregulation and the USO (Universal Service Obligation). The paper examines deregulation including the many paradoxes of deregulation as practiced. It argues that the rent seeking and public choice literature offer some insights in explaining the process and understanding the implications for the USO. The paper examines, by means of a simple model and some illustrative examples, how deregulation undermines the objectives of the USO and the financial viability of the incumbent and provides the potential for further abuse of market power. The paper also analyzes the conflicts between the political economy of deregulation and the inefficiencies of cross subsidy and uniform pricing and how they can be reconciled.

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Format: PDF | Size: 72KB | Date: Oct 2001 | Pages: 23

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