Charging Regulations for Cellular Phone Companies in the Philippines
Incentives of Charging Regulations to Cellphone Mobile Telephone Companies in the Philippines
In partial fulfillment of the requirements in
SPECTO 3
Submitted by:
Cameron Cabanlig
on
April 08, 2010
De La Salle University- Manila
I. INTRODUCTION
In the Philippines, there are different businesses, industries and companies that are mainly regulated by the government to at least make the market fair for both the consumers and producers. For a market to function fairly and competitively, incentives are implemented and handed out to the market components specifically by companies in accordance to government regulations. Incentives give people the initiative to acquire the best possible outcome and the best benefit for both the consumers and producers. The government sees that through coordination, it will be able to do its task in providing and also taking care of the welfare of its people. In the setting of a market economy, information transmission and motivation are needed for both consumers and producers for their motives to be maximized. If it weren’t of these two, coordination won’t happen and market interaction will fail. However, incentives that are formulized by the government to the companies and to the whole market aren’t always correct or enough. There are instances that the market, specifically the producers finds loopholes from government regulations thus making government regulations inefficient and not enough. That is why, doing government regulations should always be studied thoroughly and updated from time to time to prevent the companies to their pursuit of self-interest from being self-defeating.
One of the industries that will be tackled in this paper is the cellular mobile telephone (CMT) industry. The cellular mobile telephone companies play a vital role in the society in terms of giving communication services to the Filipinos. And to be able for these companies to deliver quality and fair services to the consumers,
In partial fulfillment of the requirements in
SPECTO 3
Submitted by:
Cameron Cabanlig
on
April 08, 2010
De La Salle University- Manila
I. INTRODUCTION
In the Philippines, there are different businesses, industries and companies that are mainly regulated by the government to at least make the market fair for both the consumers and producers. For a market to function fairly and competitively, incentives are implemented and handed out to the market components specifically by companies in accordance to government regulations. Incentives give people the initiative to acquire the best possible outcome and the best benefit for both the consumers and producers. The government sees that through coordination, it will be able to do its task in providing and also taking care of the welfare of its people. In the setting of a market economy, information transmission and motivation are needed for both consumers and producers for their motives to be maximized. If it weren’t of these two, coordination won’t happen and market interaction will fail. However, incentives that are formulized by the government to the companies and to the whole market aren’t always correct or enough. There are instances that the market, specifically the producers finds loopholes from government regulations thus making government regulations inefficient and not enough. That is why, doing government regulations should always be studied thoroughly and updated from time to time to prevent the companies to their pursuit of self-interest from being self-defeating.
One of the industries that will be tackled in this paper is the cellular mobile telephone (CMT) industry. The cellular mobile telephone companies play a vital role in the society in terms of giving communication services to the Filipinos. And to be able for these companies to deliver quality and fair services to the consumers,
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