The New Investment Theory of Real Options and its Implication for Telecommunications Economics ILO politics and law

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The New Investment Theory of Real Options and its Implication for Telecommunications Economics ILO politics and lawRandall B, Lowe Piper & Marbury, L. L. R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex change carriers, as well as for universal service funding. The U. S. telecommunications world was a simple one before the emergence of competition, comprising only AT&T