Abstract
Price-cap regulation (PCR) for the telephone industry is a relatively recent phenomenon. In the United States, PCR has been replacing traditional cost-based regulation since the Federal Communications Commission (FCC) adopted a price-cap plan for AT&T beginning in 1989. price-cap plans for local exchange carriers (LECs) began shortly thereafter in the federal jurisdiction and in some states. At the present time approximately 30 states have some form of price-cap plan.1
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Tardiff, T.J., Taylor, W.E. (1996). Revising Price Caps: The Next Generation of Incentive Regulation Plans. In: Crew, M.A. (eds) Pricing and Regulatory Innovations Under Increasing Competition. Topics in Regulatory Economics and Policy Series, vol 24. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6249-8_2
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DOI: https://doi.org/10.1007/978-1-4615-6249-8_2
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