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Bank of Canada RSS Feedsen2024-03-29T05:23:52+00:00Welfare Analysis of Equilibria With and Without Early Termination Fees in the US Wireless Industry
https://www.bankofcanada.ca/2020/03/staff-working-paper-2020-9/
The elimination of long-term contracts and early termination fees (ETFs) in the US wireless industry at the end of 2015 increased monthly service fees by 2 to 5 percent. Nevertheless, consumers are clearly better off without ETFs. While firms’ revenues from ETFs vanish, their profits from monthly fees increase. As a result, the overall effect on producer profits is less clear.2020-03-25T09:23:00+00:00enWelfare Analysis of Equilibria With and Without Early Termination Fees in the US Wireless Industry2020-03-25Econometric and statistical methodsFirm dynamicsMarket structure and pricingStaff Working Paper 2020-9https://www.bankofcanada.ca/wp-content/uploads/2020/03/swp2020-9.pdfWelfare Analysis of Equilibria With and Without Early Termination Fees in the US Wireless IndustryJoseph CullenNicolas SchutzOleksandr ShcherbakovMarch 2020DD2D22LL1L15L9L96