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Verizon and MCI:

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Verizon and MCI:
Verizon and MCI:
A Merger that
Promotes
Competition

August 2005

POLICY
STUDY
No. 05-1

by
Richard E. Wagner
Harris Professor of Economics
George Mason University; Fairfax, VA and Senior Fellow, Public Interest Institute
Mt. Pleasant, IA

POLICY STUDY

August 2005
No. 05-1
Public Interest Institute
Dr. Don Racheter,
President

Verizon and MCI:
A Merger that Promotes
Competition

POLICY STUDIES are published as needed. They are longer, analytical articles on important public issues.
POLICY STUDIES are published by
Public Interest Institute at Iowa
Wesleyan College, a nonpartisan, nonprofit, research and educational institute whose activities are supported by contributions from private individuals, corporations, companies, and foundations. The
Institute does not accept government grants. Contributions are tax-deductible under sections 501(c)(3) and 170 of the Internal Revenue Code.
Permission to reprint or copy in whole or part is granted, provided a version of this credit line is used:
"Reprinted by permission from
POLICY STUDY, a publication of
Public Interest Institute."
The views expressed in this publication are those of the authors and not necessarily those of Public Interest
Institute.
If you have an article you believe is worth sharing, please send it to us.
All or a portion of your article may be used. This publication is brought to you in the interest of a betterinformed citizenry, because IDEAS
DO MATTER.
We invite you to:
CALL us at 319-385-3462
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E-MAIL to public.interest.institute@ limitedgovernment.org VISIT our Website at www.limitedgovernment.org WRITE us at our address on the back cover

Contents

Executive Summary

3

Some Recent Telecom History

4

A Philosophical Sidebar on Mental Maps

7

Monopoly and Competition as Charted by Alternative
Mental Maps

10

Telecom as a Crucible of Dynamic Competition

13

Mergers and Organizational
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