2026-04-13T04:51:01Zhttps://recercat.cat/oai/request

oai:recercat.cat:2072/4237152024-10-29T15:32:13Zcom_2072_98col_2072_378197

00925njm 22002777a 4500 dc Hurkens, Sjaak author López, Ángel L. author Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica author Institut d'Anàlisi Econòmica author 2010 We re-examine the literature on mobile termination in the presence of network externalities. Externalities arise when firms discriminate between on- and off-net calls or when subscription demand is elastic. This literature predicts that profit decreases and consumer surplus increases in termination charge in a neighborhood of termination cost. This creates a puzzle since in reality we see regulators worldwide pushing termination rates down while being opposed by network operators. We show that this puzzle is resolved when consumers' expectations are assumed passive but required to be fulfilled in equilibrium (as defined by Katz and Shapiro, AER 1985), instead of being rationally responsive to non-equilibrium prices, as assumed until now. Telecomunicació Desregulació Telecomunicació Preus Mobile termination, network externalities, and consumer expectations