Evaluating a Decade of Mobile Termination Rate Regulation
研究移动终端费率监管对用户话费的影响，基于27国面板数据发现“水床效应”在2002-2011年间平均不显著，且监管未降低运营商利润和投资。
We re-consider the impact that regulation of call termination on mobile phones has had on mobile customers ’ bills. Using a large panel covering 27 countries, we find that the “waterbed ” phenomenon, initially observed until early 2006, becomes insignificant on average over the 10-year period, 2002-2011. We argue that this is related to the changing nature of the industry, whereby mobile-to-mobile traffic now plays a much bigger role compared to fixed-to-mobile calls in earlier periods. Over the same decade, we find no evidence that regulation caused a reduction in mobile operators ’ profits and investments.