Entry, competition, and regulation in UK telecommunications
分析了英国电信行业从垄断转向竞争的过程中,企业战略与监管的互动,重点讨论了在位者与进入者之间的创新竞赛和战略资产积累,以及监管在帮助进入者获取信息等关键资源中的作用。
In a formerly monopolized industry now subject to competition, there is likely to be considerable interaction between business strategy and regulation. The paper illustrates the development of this process in UK telecommunications. It sets out a framework in which competition between incumbent and entrants takes the form of a race on the part of the former to bridge the innovation gap and on the part of the latter to accumulate the necessary strategic assets, including regulatory assets. The strategies of major UK fixed-link telecommunications firms are analyzed in this light, and regulatory policy towards vertical separation in mobile telephony is also described. The article draws attention to the crucial role which the regulator plays in assisting entrants to gain access to strategic assets, including information. Copyright 1996 by Oxford University Press.