Subscribing to Monopoly: The Telecom Monopolist's Lexicon-Revisited
Author: Peter Smith Date: 9/1/1995 (PDF, 200KB)
Wasteful duplication of facilities, uneconomic entry, universal service, and cream skimming are the catchphrases used by many telecom executives, civil servants, and merchant bankers in arguing for continuing telecom monopolies and cross-subsidies. Peter Smith explains why their arguments are wrong.