Mandatory Unbundling , UNEP , and the Cost of Equity : Does TELRIC Pricing Increase Risk for Incumbent Local Exchange Carriers ?

@inproceedings{Thomas2003MandatoryU,
  title={Mandatory Unbundling , UNEP , and the Cost of Equity : Does TELRIC Pricing Increase Risk for Incumbent Local Exchange Carriers ?},
  author={A W Thomas and Jorde and J. Gregory Sidak},
  year={2003}
}
The Telecommunications Act of 1996 sought to advance competition in the market for local exchange service by promoting facilities-based investment. In implementing the new legislation, the Federal Communications Commission (“FCC”) stressed the importance of preserving the investment incentives of both the incumbent local exchange carriers (“ILECs”) and the competitive local exchange carriers (“CLECs”). However, economic research has explained that forcing an