Interactive television: A model of analysis of business economic dynamics |
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| Authors: | Margherita Pagani |
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| Institution: | Researcher at I‐Lab (Research Center on Digital Economy) , Bocconi University , Milan, Italy E-mail: mpagani@sda.uni‐bocconi.it |
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| Abstract: | Abstract Between 1996 and 2001 over $13 trillion dollars was invested in information and telecommunications industries based on the vision of expanding markets and a pro competitive law know as the Telecommunications Act of 1996 ("'96 Act"). Since 2001 investment has substantially shrunk along with expectations about growth and new opportunities in converging information, communications and entertainment ("ICE") industries. This paper identifies how stakeholders and governments made false assumptions about the near term future of telecommunications demand and the prospects for seamless convergence of information and telecommunications technologies and markets. The paper provides suggestions on how national legislatures and regulators should respond to current circumstances. |
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