This book applies new advances in economic theory regarding the asymmetry of information between firms and their regulators to the design of improved telecommunications regulation.
The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be `based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with `insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act.
Since I was a kid, I had always prided myself on my discipline in the things that really mattered-in the weight room, on the court (forget the refs), defense, rebounding, in how I play the game. Off court was my business; but suddenly things had changed.After the motorcycle accident, my agent, Darren Prince, was so worried about my partying that he called in the cavalry, my former bodyguard, Wendell "Big Will" Williams-a six-foot-four-inch, 400-pound black man to whom people, including Dennis Rodman, tend to listen. Wendell was coming out of bodyguard retirement to make sure I did what I was supposed to do when I was supposed to do it. He started out strong at the Radio Music Awards in Las Vegas. It was exactly a week after the Treasures motorcycle crash. Despite my usual protests-"I don't want to do this. This is bullshit. It's not gonna help my career"-that afternoon Wendell managed to get me, sober no less, to this series of round-robin interviews with every radio station in America. This went on for hours before the actual awards show that night, and Wendell wouldn't let me drink. Afterwards, it was like I'd just run a marathon, and I went out by the pool to relax with a cool one while he went upstairs to shower. When Wendell got back down, I was wasted. This was all new to him. In the three years since he'd worked with me, I'd started spending much more time with my friend, Herr Jdgermeister, and this was his first time to see Dennis Rodman, Daytime Drunk.Darren was on my ass. Wendell was on my ass. My best friend, Thaer, was on my ass. Even my wife, Michelle, was on my ass. Anyway, after the motorcycle accident and my skid-row-drunk performance at the Radio Music Awards, ESPN satdown Michelle for an interview. "I'm done. I'm ready for a divorce," she told the interviewer. This from a woman who has "Mrs. Rodman" tattooed just above her butt in letters about an inch high.By the end of October 20
These are the poetic ramblings of a very creative man. They are humorous, tragic, uplifting and deeply spiritual (but not "religious"). You will love the people and situations that gave Dennis the "oomph" to put on paper the thoughts that someitmes run slipshod thourgh his mind. You may be amazed that poerson under such a load can think in the medium of thyme! A wonderful glimpse into a creative man's brain that has gone through Hell - and Back!
For Dаvіd Gоggіnѕ, childhood wаѕ a nіghtmаrе -- роvеrtу, prejudice, аnd physical аbuѕе соlоrеd hіѕ dауѕ and hаuntеd hіѕ nіghtѕ. But thrоugh self-discipline, mental tоughnеѕѕ, аnd hаrd wоrk, Goggins trаnѕfоrmеd himself frоm a depressed, overweight уоung man wіth nо future іntо a U.S. Armеd Fоrсеѕ ісоn аnd оnе of the wоrld'ѕ tор endurance athletes. Thе оnlу mаn іn hіѕtоrу tо complete еlіtе trаіnіng аѕ a Nаvу SEAL, Armу Rаngеr, аnd Air Force Tactical Aіr Controller, hе wеnt оn to ѕеt records іn numerous.PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.Our summaries aim to teach you important lessons in a time-efficient and cost-effective manner. They are coherent, concise, and comprehensive, highlighting the main ideas and concepts found in the original books. Unessential information is removed to save the reader hours of reading time. Save time and money while completing your reading list.
The Four Agreements is your guide to breaking free from negative patterns and fully realizing your true self. It was a New York Times best seller for over eight years. These blinks explain how society raises people to conform to a strict set of rules and how, with a little effort and commitment, you can set your own guidelines for life.PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.Our summaries aim to teach you important lessons in a time-efficient and cost-effective manner. They are coherent, concise, and comprehensive, highlighting the main ideas and concepts found in the original books. Unessential information is removed to save the reader hours of reading time. Save time and money while completing your reading list.
This immensely practical volume describes the rationale, development, and utilization of cognitive-behavioral techniques in promoting health, preventing disease, and treating illness, with a particular focus on pain management. An ideal resource for a wide range of practitioners and researchers, the book's coverage of pain management includes theoretical, research, and clinical issues, and includes illustrative case material.
Everybody, Always chronicles best-selling author Bob Goff's inspiring one-man mission to translate Jesus's message of love and compassion into everyday practice. That, as he himself admits, isn't always easy. Life is full of setbacks, obstacles and difficult people. But it is possible. By staying true to his beliefs and finding courage when the going gets tough, Goff strives to lead an exemplary life of love.PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.Our summaries aim to teach you important lessons in a time-efficient and cost-effective manner. They are coherent, concise, and comprehensive, highlighting the main ideas and concepts found in the original books. Unessential information is removed to save the reader hours of reading time. Save time and money while completing your reading list.
Own the Day, Own your Life provides handy hacks that will allow you to succeed in all areas of your life. Whether it's your diet, sex life or exercise routine, this book provides advice that can be easily incorporated into your lifestyle so you can get the most out of every day.PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.Our summaries aim to teach you important lessons in a time-efficient and cost-effective manner. They are coherent, concise, and comprehensive, highlighting the main ideas and concepts found in the original books. Unessential information is removed to save the reader hours of reading time. Save time and money while completing your reading list.
The Subtle Art of Not Giving a F*ck concentrates on living a better life by caring about fewer things. In this book, based on his influential blog, Mark Manson explains the few simple rules that will help anyone lead a happier, less stressful existence.Do what you want, not all you can.
Girl, Wash Your Face is about one crucial truth - you, and you alone, are responsible for your life and happiness. It's an empowering and sometimes challenging guide to living a joyful, productive and ambitious life.PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.Our summaries aim to teach you important lessons in a time-efficient and cost-effective manner. They are coherent, concise, and comprehensive, highlighting the main ideas and concepts found in the original books. Unessential information is removed to save the reader hours of reading time. Save time and money while completing your reading list.
The Book of Why (2018) introduces basic concepts of statistical methods of argumentation and makes the case for a mathematical model of causation. For decades, the mantra
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