This paper elaborates on the relevance of Tele-Economic research to understand the effect that Machine-Type Commu- nications (MTC) has on different markets and also the market forces affecting the adoption of services based on MTC. The paper is presented in a tutorial form, offering concept and definitions of economic terms that are gaining relevance in the technical community in the MTC context. The concept of services is further analysed in as a change in the tele- communication industry mind-set in order to tap into the economic value of MTC in the realization of the Internet-of- Things. Finally, insights are presented looking forward into the relevance of Tele-Economic research for 5G.
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Laya et al. (2015) studied this question.
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