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The Endgame of Telecommunications Policy? A Survey
Vogelsang, Ingo - CESifo - 2013
Will telecommunications policy in the form of industry-specific regulation go away? A literature review of the five policy areas (1) termination monopoly, (2) local bottleneck access, (3) net neutrality, (4) spectrum management, and (5) universal service suggests that in some of them a move to...
Persistent link: https://www.econbiz.de/10010877751
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Will the U.S. and EU Telecommunications Policies Converge? A Survey
Vogelsang, Ingo - CESifo - 2014
Currently, U.S. and EU telecommunications policies differ in many respects. For example, wholesale access to local loops is largely deregulated in the U.S. but continues to be regulated in the EU. Or, the U.S. has an elaborate universal service policy with a set of universal service funds and...
Persistent link: https://www.econbiz.de/10010781547
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Unlocking the Value of Cross-Border Mergers and Acquisitions
Brakman, Steven; Garita, Gus; Garretsen, Harry; … - CESifo - 2008
Most FDI takes place between the developed countries, which suggests that the market-seeking motive is important for understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have declined over the past 20 years, models that aim to...
Persistent link: https://www.econbiz.de/10005094463
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Buying to Sell: Private Equity Buyouts and Industrial Restructuring
Norbäck, Pehr-Johan; Persson, Lars; Tag, Joacim - CESifo - 2013
We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...
Persistent link: https://www.econbiz.de/10010681223
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Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry
Harris, Jeremiah; Siebert, Ralph - CESifo - 2015
This study investigates the impact of firm-specific discount factors on merger formation and market performance. We … explain merger formation and the impact on product market performance. More specifically, we find that acquiring firms …
Persistent link: https://www.econbiz.de/10011163068
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Behind the Scenes of the Telecommunications Miracle: An Empirical Analysis of the Indian Market
Biancini, Sara - CESifo - 2010
We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply and demand characteristics, using a small...
Persistent link: https://www.econbiz.de/10008833905
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Horizontal Merger under Strategic Tax Policy
Liu, Chih-Chen; Mukherjee, Arijit; Wang, Leonard F.S. - CESifo - 2014
We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society. …
Persistent link: https://www.econbiz.de/10010948827
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Universal Intellectual Property Rights: Too Much of a Good Thing?
Auriol, Emmanuelle; Biancini, Sara; Paillacar, Rodrigo - CESifo - 2013
This paper studies the incentives that developing countries have to protect intellectual properties rights (IPR). On the one hand, free-riding on rich countries technology reduces their investment cost in R&D. On the other hand, firm that violates IPR cannot legally export in a country that...
Persistent link: https://www.econbiz.de/10010670798
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Investment in Broadband Infrastructure Under Local Deregulation: Evidence from the U.K. Broadband Market
Fabritz, Nadine; Falck, Oliver - CESifo - 2013
This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of the wholesale broadband access market. Using a panel dataset covering all 5,598 exchange areas in the United Kingdom, we exploit regional differences in deregulation following a...
Persistent link: https://www.econbiz.de/10010877989
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Broadband Internet: An Information Superhighway to Sex Crime?
Bhuller, Manudeep; Havnes, Tarjei; Leuven, Edwin; … - CESifo - 2012
Does internet use trigger sex crime? We use unique Norwegian data on crime and internet adoption to shed light on this question. A public program with limited funding rolled out broadband access points in 2000–2008, and provides plausibly exogenous variation in internet use. Our instrumental...
Persistent link: https://www.econbiz.de/10010556077