The paper studies the impact of market integration on investment incentives in non-competitive industries. It … distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a … investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem …

preemption a higher access charge can delay first investment. Constant access tariffs cannot achieve the first best. Optimal time … regulation if the follower’s private incentives are dominated by business-stealing. Here access holidays can improve welfare by … allowing for lower future access charges, which delay the second investment. …

influence this process.We use rich survey data on 160,363 households from 27 EU countries during 2005-2012. We estimate a …

and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated …We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …

television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation … in cable and the more encouraging but incomplete evidence on the benefits of satellite and telco competition. It …

We study the effect of entry on costs and competition in the Portuguese mobile telephony industry. We construct and … effort. We show that failure to account for cost reducing effort leads to biased estimates of competition in the industry. We … significant cost reductions, and fostered competition. …

relevant in light of the renewed attention by competition authorities to liberalize professional regulation. …The health care professions in Europe have been subject to substantial entry and conduct regulation. Most notably … competition through geographic entry restrictions. We develop an entry model to study the direct impact of the regulations on the …

absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity …