Telecommunication market

ict infrastructure, switch, umts, atm, broadband, dsl, e-commerce, e-commerce, electronics, ict, optical cables, railways, software, umts, wholesale,

a new european regulation in the aftermath of bubbles boom and bust or back to old economy prof jens arnbak chairman independent regulators group & opta netherlands overview presentation kondratieff s juglar economic cycles different ict innovation costs fast micro electronic chips low unit cost bulk medium comm services high slow infrastructure sunk unpredictable abnormal factors speculation irrational exuberance greenspan 1998 fraud onp rules based on rational analysis observations conclusions nikolay d 1892 1938 clément 1850 russian economist statistician developed first soviet five year plan executed by stalin cleared posthumously 1987 discussed long waves global 50 years determined investment network infrastructures eg railways electric power distribution however investments are made amortized much faster than classical networks french physician identified shorter 8 10 with 3 phases prosperity crisis liquidation several recent ending bursts 1985 1990 1995 2000 200 150 100 property shares asian bonds western index focus tmt stock