Overview

Gerald Brock develops a new theory of decentralized public decisionmaking and uses it to clarify the dramatic changes that have transformed the telecommunication industry from a heavily regulated monopoly to a set of market-oriented firms. He demonstrates how the decentralized decisionmaking process--whose apparent element of chaos has so often invited criticism--has actually made the United States a world leader in reforming telecommunication policy.

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9780674873261

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I am aware of no work that treats the history of telephone regulation in the United States with such care, at such length, or so evenhandedly. Further, the book is not merely history but economic history, in the sense that the economic incentives giving rise to the behavior described are carefully explored, as are the economic consequences of each policy development. -- Bruce M. Owen Journal of Economic Literature

I am aware of no work that treats the history of telephone regulation in the United States with such care, at such length, or so evenhandedly. Further, the book is not merely history but economic history, in the sense that the economic incentives giving rise to the behavior described are carefully explored, as are the economic consequences of each policy development.--Bruce M. Owen Journal of Economic Literature

Author Information

Gerald W. Brock is Professor of Telecommunication and Director of the Graduate Telecommunication Program at George Washington University, and was previously Common Carrier Bureau Chief at the Federal Communications Commission.

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