Revisiting the line-of-business restrictions

Article Abstract:

A periodic and continuous comparison of the benefits and costs of an economic policy should be implemented to make sure that it still serves the public interest. In the case of the Modification of Final Judgment (MFJ), significant changes in the telecommunications industry especially in state and federal regulatory policy as well as technological innovations have lessened its potential benefits. On the other hand, the same changes have increased its social costs. This decrease in its benefits and increase in its costs should lead to its abolition.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Communications Programs, Laws, regulations and rules, Economic policy, Telecommunications policy, Industrial management

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Monopoly and the problem of the economists

Article Abstract:

Economists have played important functions in the formulation of antitrust policies since the early 1970s. The analysis of public policy toward business which originated from economists of the Chicago school is predominant among academic literature. Proponents of the Chicago school insist that antitrust should be analyzed through the price theory to be able to produce better laws and law enforcement. It is argued that economists have led to the subversion of competitive market forces instead of positively influencing antitrust policy.

Interpretation and construction, Economic aspects, Practice, Antitrust law, Monopolies, Economists

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Sibling rivalry: the competition among the Baby Bells

Article Abstract:

An assessment has been made on the possible collusion among the regional Bell operating companies should the Modifications of Final Judgment (MFJ) restrictions be lifted. Such possibility was found quite unlikely when the competitiveness of three various markets adjacent to the local telephone exchange was examined. Since the AT&T divestiture in 1984, the Baby Bells have been competing against each other vigorously. Regulatory and market changes also indicate that the RBOCs will not engage in cross-subsidization or foreclosure.

Finance, Telecommunications services industry, Regional Bell Operating Companies

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