Bourreau, Marc; Cambini, Carlo; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2013
We investigate cooperative investment for the deployment of a new infrastructure, and how it interacts with access … from joint investment, in particular due to high uncertainty, are high. Mandated access reduces incentives for co …-investment not only through lower returns but also by the existence of the access option itself. Voluntary access provision increases …