# Prof. Nicholas Economides on competition in the telecommunications industry

1 Faculty News April 1, 2015 ![The Verge logo](/sites/default/files/styles/246w/public/assets/images/theverge.jpg?itok=TV-zqWUM)>

Excerpt from [The Verge](http://www.theverge.com/2015/4/1/8321437/maps-show-why-internet-is-more-expensive-us-europe-competition) -- "A choice of just two, even three, providers isn’t enough to create a competitive market that will keep a check on prices, said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), an economics professor at New York University who studies telecommunications. 'The only competition that remains is between telephone internet service providers and cable internet service providers — if you have it,' Economides said. 'That’s the real problem, and that’s why we don’t have enough competition and higher prices.'"

[Read more](http://www.theverge.com/2015/4/1/8321437/maps-show-why-internet-is-more-expensive-us-europe-competition)