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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.
Not since the advent of the telephone and telegraph in the 19th century has information technology changed daily life so radically. We are in the midst of what Brock calls a second information revolution. Brock traces the complex history of this revolution from its roots in World War II through the bursting bubble of the Internet economy.
A collection of papers from the 1995 Telecommunications Policy Research Conference. Topics covered include the transformation of local exchange telephone services to interconnected competitive networks, pricing problems, achieving interoperatability in networks, and issues of intellectual property.
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