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Cost Contingency as the Standard Deviation of the Cost Estimate for Cost Engineering

Author

Listed:
  • Reed E. Hundt

    (Former Chairman, Federal Communications Commission)

  • Gregory L. Rosston

    (Deputy Director, SIEPR)

Abstract

The United States currently has a communications policy in place that does not state clearly its own goals, yet applies regulations that greatly affect outcomes. A better communications policy would substitute markets for regulation as a way to determine both what is sold and what price is paid while continuing to be conscious of specific market power concerns and obtaining efficiently social benefits. The Administration and Congress should create a bipartisan and independent commission to suggest a complete overhaul of the law and policy for communications, and to do so by mid-2005. In this paper, we make several proposals to improve communications policy:

Suggested Citation

  • Reed E. Hundt & Gregory L. Rosston, 2005. "Cost Contingency as the Standard Deviation of the Cost Estimate for Cost Engineering," Discussion Papers 04-007, Stanford Institute for Economic Policy Research.
    • Handle: RePEc:sip:dpaper:04-007
    as

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    File URL: http://www-siepr.stanford.edu/repec/sip/04-007.pdf
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    References listed on IDEAS

    as
    1. DeGraba, Patrick, 2004. "Reconciling the off-net cost pricing principle with efficient network utilization," Information Economics and Policy, Elsevier, vol. 16(3), pages 475-494, September.
    2. Benjamin E. Hermalin & Michael L. Katz, 2004. "Sender or Receiver: Who Should Pay to Exchange an Electronic Message?," RAND Journal of Economics, The RAND Corporation, vol. 35(3), pages 423-447, Autumn.
    3. Rosston, Gregory L. & Wimmer, Bradley S., 2000. "The 'state' of universal service," Information Economics and Policy, Elsevier, vol. 12(3), pages 261-283, September.
    4. Rosston, Gregory L., 2003. "The long and winding road: the FCC paves the path with good intentions," Telecommunications Policy, Elsevier, vol. 27(7), pages 501-515, August.
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    Cited by:

    1. Geoffrey Rothwell, 2005. "Can the Modular Helium Reactor Compete in the Hydrogen Economy," Discussion Papers 05-001, Stanford Institute for Economic Policy Research.

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