The reform in cellular communications which, among other things, disconnected the service agreements from the equipment purchase agreements, reduced interconnectivity fees, cancelled the fine for leaving a plan, and made it possible for virtual operators to enter the market, reduced the cost of service by more than 50 percent, and markedly increased the volume of activity, thereby contributing to consumer well-being.
These two reforms illustrate the potential for growth and improvement of well-being from reforms that lower the barriers to competition. Investment in the volume of public transit, improved interconnectivity in public transit, and increasing competition in this area are already bearing fruit in improved and less expensive service (alongside the government-initiated price decline).