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The past decade has witnessed a surge of pricing innovations in the US telecommunications industry. This volume systematically reviews recent innovations in the economic theory of pricing and extends results to conditions that characterize telecommunications markets. It then examines the implementation of normative pricing theory in selected US telephone tariffs. The experience accumulated in the United States provides a rich and diverse data base and a laboratory for examining the practical consequences of pricing innovations. Throughout this volume the objective is to develop and illuminate the relationships between the normative economic theory of pricing--with its objectives of social welfare, economic efficiency, and fairness--and telecommunications pricing as it is practiced by business and regulators. In particular, the new pricing schemes are related to the theory of multiproduct and nonlinear pricing. The book describes the welfare and competitive properties of such pricing schemes and draws conclusions for future pricing problems in the areas of broadband networks and open network architecture. Many of the general theoretical pricing principles and lessons from US pricing experience should prove directly applicable to telecommunications services in other countries and to other industries, including electricity and natural gas supply, air and rail transportation, and postal and parcel services.

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United Parcel Service - United Parcel Service, Inc. (UPS) is the world's largest package delivery company, delivering over 14 million packages a day to over 200 countries around the world.

United States Foreign Service - The United States Foreign Service, a personnel system within the Diplomatic Service, helps represent United States in the world. A part of the United States Department of State, members of the Foreign Service serve at any of the 265 American embassies, consulates and other diplomatic missions around the world, as well as Washington, DC.

United States Postal Service - The United States Postal Service (USPS) is an agency of the United States government responsible for providing postal service in the United States; it is generally referred to within the United States as "the post office."

United States Civil Service Commission - The United States Civil Service Commission was created by the Pendleton Civil Service Reform Act, which was passed into law on January 16, 1883. The commission was created to administer the civil service of the United States federal government in response to the assassination of President James Garfield by Charles Guiteau, who is said to have been a rejected office seeker.

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