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Mandatory Unbundling and Irreversible Investment in Telecom Networks
Pindyck, Robert S. - 2004
This paper addresses the impact on investment incentives of the network sharing arrangements mandated by the Telecommunications Act of 1996, with a focus on the implications of irreversible investment. Although the goal is to promote competition, the sharing rules now in place reduce incentives...
Persistent link: https://www.econbiz.de/10012468396
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The Skill Complementarity of Broadband Internet
Akerman, Anders - 2015
Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological … limited funding rolled out broadband access points, and provides plausibly exogenous variation in the availability and … adoption of broadband internet in firms. Our results suggest that broadband internet improves (worsens) the labor outcomes and …
Persistent link: https://www.econbiz.de/10012457840
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The Impact of Municipal Broadband Restrictions on COVID-19 Labor Market Outcomes
Hegde, Saket S.; Van Parys, Jessica - National Bureau of Economic Research - 2024
connections (e.g., broadband) to work from home. Yet, as of January 2020, 18 states had legally restricted local governments and … cooperatives from building their own broadband infrastructure and/or providing broadband internet to their communities. Such … policies reduced broadband access and competition in states with restrictions compared to states without restrictions leading …
Persistent link: https://www.econbiz.de/10014512111
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Political Determinants of Competition in the Mobile Telecommunication Industry
Faccio, Mara - 2017
We study how political factors shape competition in the mobile telecommunication sector. We show that the way a government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation reduces prices, but does not hurt quality of services or...
Persistent link: https://www.econbiz.de/10012455639
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The Overlooked Corporate Finance Problems of a Microsoft Breakup
Bebchuk, Lucian Arye - 2001
This paper identifies problems with the ordered breakup of Microsoft that seem to have been completely overlooked by the government, the judge, and the commentators. The breakup order prohibits Bill Gates and other large Microsoft shareholders from owning shares in both of the companies that...
Persistent link: https://www.econbiz.de/10012470640
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Asset Liquidity and Segment Divestitures
Schlingemann, Frederik P. - 2000
We investigate a sample of firms whose number of reported segments falls by one or more for the first time in their reporting history. The firms in our sample have a significantly larger diversification discount, underperform, and underinvest relative to comparable firms. Firms are more likely...
Persistent link: https://www.econbiz.de/10012470864
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Unbundling Institutions
Acemoglu, Daron; Johnson, Simon - 2003
This paper evaluates the importance of property rights institutions', which protect citizens against expropriation by the government and powerful elites, and contracting institutions', which enable private contracts between citizens. We exploit exogenous variation in both types of institutions...
Persistent link: https://www.econbiz.de/10012468763
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Youth employment and joblessness in advanced countries
Blanchflower, David G. (contributor);  … - 2000
Persistent link: https://www.econbiz.de/10001390808
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A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft
Benkard, C. Lanier - 2000
This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze industry pricing, industry performance, and optimal industry policy. In the model, firms are differentiated in their products and cost structure, and entry, exit, prices, and...
Persistent link: https://www.econbiz.de/10012471051
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Wage-Setting Institutions as Industrial Policy
Davis, Steven J. - 2000
Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 and compare it to the U.S. distribution over the...
Persistent link: https://www.econbiz.de/10012471274