Conventional telephone carriers have been facing new competitors called wireless telephone carriers. In addition, incentive regulation has been introduced several utility industries like telephone and energy. In this situation, major concerns are whether the deregulation policy of public utilities could enhance competition and thereby improve market performance or not. In the field of study, several outstanding works have been produced by members of the Society. Necessity of more drastic deregulation is argued there.
Social regulation is regulation relating health, security and environmental protection.
Recently environmental issues become one of the most critical global issues. This book points out that conversion from direct regulation to incentive regulation will be a key concept to be activate more innovative market conduct. The underlying idea is to improve industry performance by increasing the role of market forces. The rapid innovation of IT emerges several new information services including Internet. In addition, IT has enormous impact on industry structure and its network.