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Proposals have been made to separate BT vertically into two parts: an access network (LoopCo) providing services to all operators, and a core network. The aim is to counter discriminatory behaviour by an integrated firm. The paper reviews similar approaches to separation in UK utilities and establishes criteria for evaluating the LoopCo proposal. It suggests that technological developments are moving the dividing line between core and access networks. A separation made on the basis of current technology may lead to difficulties in the future in co‐ordinating investments. It proposes instead more effective means of policing discrimination.

The purpose of this paper is to consider circumstances when technological neutrality in fixed broadband (according firms the power to determine technological choices untrammelled by regulation or the operation of specific incentives) should be adopted.

The paper reviews the likely effect of such a policy on the competitive structure of fixed broadband markets, taking four case studies as examples.

The paper finds that choices made by broadband firms with respect to the adoption of fibre to the home versus fibre to the premise, the use of vectoring and the variant of fibre to the home adopted (point to point or point to multipoint) can have a significant effect on the nature of access products which can be provided and thus in the market structure of fixed broadband markets. Access providers can, thus, abridge or foreclose competition in downstream markets. Accordingly, regulators may decide to seek to influence such technological choices to promote competition. But this should be done carefully.

These issues are part of the on-going debate concerning the revision of the European regulatory framework for electronic communications services.

Recognizes significant constraints that the UK’s international obligations as a member of the International Telecommunications Union and the European Conference of Post and Telecommunications Administrations impose. States there is also a trade‐off between internationally mandated allocations, which give certainty to equipment manufacturers and states spectrum is an important input into the production of a wide range of services – from mobile telephony to national defence.

The purpose of this paper is to set out the history and content of the European Commission's Recommendation on the regulation of next generation access networks, published in September 2010. The aim is to assess the Recommendation in terms of its likely impact on harmonisation and certainty of regulation within the European Union and on investment and competition.

The approach adopted is to review the European Commission's Recommendation from the standpoint of regulatory economics.

The publication in September 2010 of the Recommendation on the regulation of next generation access networks completed a process which had begun two years and two drafts previously. The paper sets out the background to the decision to prepare a Recommendation for national regulators supervising the installation of fibre based networks, where the fibre might go either to the premises (FTTP) or to the street cabinet (FTTC). It also describes the development of the Recommendation from the first draft in September 2008 to the final draft in September 2010. It concludes that the delay in issuing the Recommendation created an interval in which national regulators pursued their own diverse policies, to the detriment of harmonisation. In terms of investment and competition, the successive drafts appear to have diminished pressure on competitors to build their own infrastructures, with consequential effects on the likely form of competition. Finally, a degree of regulatory uncertainty has been created in member states where the regulator has pursued in its market reviews of fibre access products remedies which are at odds with the Recommendation.

This is an early appraisal of a European Commission Recommendation which is likely to have a significant impact on European communications policy and regulation.

In this paper, we conduct a conceptual and bibliographic analysis of the literature that deals with the international strategy of state-owned enterprises (SOEs), with particular attention to SOEs from emerging economies (EEs). We first review the state of the art in defining the concepts of EEs and SOEs. We then conduct a detailed bibliographic analysis of the literature pertaining to SOEs’ involvement in international activities, whether as outward foreign investors or as potential local partners of inward-investing multinational enterprises. The analysis covers general trends in the literature, prominent research questions and outcome variables, use of theories, and choices pertaining to methodology (type of research and effects, empirical contexts). We document a literature that is fast-growing and well balanced in some respects. In other respects, we advance recommendations pertaining to (a) consistency and precision in the use of the concepts of “state-owned enterprise” and “emerging economy”; (b) search for specific evidence on the outward activities of EE SOEs in less-developed economies and even in other EEs, and on their performance; (c) understanding of relative propensities of local SOEs and inward investors to collaborate, and what happens when SOEs encounter each other across borders; (d) opportunities to strengthen the theoretical foundations and contributions of this research; and (e) minding the mix of home and host countries in studies and avoiding undue generalization from what has become a predominantly China-centric literature.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

This research estimates a multi-product flexible cost function of airport variable costs. Data for the analysis are a panel of 50 airports from 1996 to 2008. Output includes domestic and international departures, non-aeronautical operating revenues, and the number of transport workload units, where a workload unit is a passenger or the equivalent of a 220 pound packet of cargo. The quasi-fixed factor is the equivalent number of 10,000′ × 150′ runways at an airport. After correcting for first-order serial correlation, the analysis finds that airports operate under constant returns to runway utilization and multi-product decreasing returns to scale, production technology is consistent with product specific returns to capacity utilization and anti-complementarity across outputs, and general airport operations have input substitution possibilities with personnel and contractual repair/maintenance inputs. The study also finds 1.05% technology progress over the sample period, due to strong growth prior to 2001, with similar productivity growth rates for large and medium hubs.

The purpose of this paper is to examine how accounting is implicated in the creation and maintenance of organizational boundaries. The analysis focuses on organizations subjected to conflicting objectives as a result of new public management (NPM) reforms.

The analysis is based on case studies of four cultural organizations (Show Caves) in Greece. Data are collected from semi-structured interviews, informal discussions and document analysis. The paper draws on Bourdieu’s concepts of “field”, “capital” and “habitus” and Llewellyn’s analysis of organizational boundary maintenance.

The study observes that NPM reforms contributed to shifting organizational boundaries – from cultural/archaeological to economic/financial and this resulted in conflicting organizational objectives. This subsequently created conflicts between key actors (municipal politicians, professional managers and anthropologists). These actors, depending on the positions (and habitus) they occupy, and the capital (political, cultural and symbolic) they hold, are able to bargain for resources (economic capital). The conflicting objectives (archaeological/cultural/historical, political and commercial) that emerged and the tensions that arose between the key players shaped the identities and boundaries of the Show Caves.

The study makes an original contribution by revealing the complexity and struggle between actors and the role of accounting in managing the boundaries. For example, the study explains how financial threshold and accountability structures function within these cultural organizations that are subjected to conflicting objectives in the context of NPM reforms.

A debate continues on whether the structural separation of incumbent telecommunications operators would increase competition in telecommunications markets leading to a more dynamic industry. John Cubbin and David Currie, the future Chairman of OfCom, and the OECD have both contributed to this debate. More recently (in Issue 4 of this Volume) Professor Martin Cave asked the question “Is LoopCo the answer?”. In the light of the regulators’ objectives in the new EU framework to promote efficient investment, this article answers some of Professor Cave’s arguments against structural separation and sets out a framework for analysing the impact of separation on innovation in the sector and in other industries which use telecommunications as a key input. The article draws on work conducted by other academics, notably The Netherlands Bureau for Economic Policy Analysis and Michael Porter.