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new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive … implementation and competitive market structures including allowance of co-investment models, and iii) public subsidies to cover non …, where only monopoly structure or co-investment models lead to private investment. Deregulatory policies might be preferable …
Persistent link: https://www.econbiz.de/10011122571
Although the future socio-economic benefits of a new fibre-based ('next generation access', NGA) telecommunications infrastructure seem to be uncontroversial, a universal NGA coverage appears to be a rather unrealistic objective without government intervention. We contend, however, that the...
Persistent link: https://www.econbiz.de/10010957680
While liberalization in energy markets has been a widely successful process all over the world, incumbents often still hold a dominant position. Thus, electricity wholesale markets are subject to market surveillance. Nevertheless, consolidated findings on abusive practices of market power and...
Persistent link: https://www.econbiz.de/10010957651
for West Germany and the Federal Republic of Germany, respectively. The main focus here is the modeling of investment … remained fairly stable when switching from West Germany to the Federal Republic of Germany. One notable exception is investment …
Persistent link: https://www.econbiz.de/10005097560
model is used to assess this development. In particular, estimation results for investment and employment adjustment after … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be … analysed with the same theoretical model for West and East Germany. However, the adjustment speed for investment differs …
Persistent link: https://www.econbiz.de/10005098203
We propose four different GMM estimators that allow almost consistent estimation of the structural parameters of panel probit models with fixed effects for the case of small T and large N. The moments used are derived for each period from a first order approximation of the mean of the dependent...
Persistent link: https://www.econbiz.de/10005097923
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10005097988
The majority of industrial organizations literature on network externalities looks at firm behavior under given market characteristics. The present paper instead asks the question whether the presence of network externalities can change market characteristics, specifically, whether an initially...
Persistent link: https://www.econbiz.de/10005098058
, there is a need for unbundling regulation to foster competition. Improvements to the current open-network regulation …
Persistent link: https://www.econbiz.de/10005098426
functions. Testing for a common regulation-investment effect provides evidence that the negative investment externality is not …, investments increase off-net traffic from the investor’s network but also from competitors’ networks. Regulation changes the … due to regulation. …
Persistent link: https://www.econbiz.de/10008500714