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Calling Circles: Network Competition with Non-Uniform Calling Patterns

Hoernig, Steffen; Inderst, Roman; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2010

We introduce a flexible model of telecommunications network competition with non-uniform calling patterns, which account for the fact that customers tend to make most calls to a small subset of people. Equilibrium call prices are distorted away from marginal cost, and competitive intensity is...

Persistent link: https://www.econbiz.de/10008784708

Net Neutrality with Competing Internet Platforms

Bourreau, Marc; Kourandi, Frago; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2014

study the effect of a net neutrality regulation on capacity investments in the market for Internet access, and on innovation …

Persistent link: https://www.econbiz.de/10011083479

Economic Integration and Investment Incentives in Regulated Industries

Auriol, Emmanuelle; Biancini, Sara - C.E.P.R. Discussion Papers - 2009

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 national regulator in a common market made of two...

Persistent link: https://www.econbiz.de/10005012490

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …

Persistent link: https://www.econbiz.de/10005067470

A Theory of BOT Concession Contracts

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011

In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...

Persistent link: https://www.econbiz.de/10008921773

Unbundling the incumbent: Evidence from UK broadband

Nardotto, Mattia; Valletti, Tommaso; Verboven, Frank - C.E.P.R. Discussion Papers - 2012

network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines … that over the course of time, many entrants have begun to take advantage of LLU. However, unbundling has little or no … technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive …

Persistent link: https://www.econbiz.de/10011083592

Input Price Discrimination with Downstream Cournot Competitors

Valletti, Tommaso - C.E.P.R. Discussion Papers - 2002

This Paper addresses the question of third-degree price discrimination in input markets. I propose a solution that relies on a method that decomposes the upstream monopolist’s profit into two parts, one that depends on average input prices, and one that depends on their distribution. I am able...

Persistent link: https://www.econbiz.de/10005792467

Can supranational infrastructure regulation compensate for national institutional weaknesses?

Auriol, Emmanuelle; Estache, Antonio; Wren-Lewis, Liam - 2017

Persistent link: https://www.econbiz.de/10011673406

Parallel Trade, International Exhaustion and Intellectual Property Rights: A Welfare Analysis

Szymanski, Stefan; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2005

This paper analyses the issue of parallel trade (arbitrage) for products protected by intellectual property rights. Many countries have traditionally allowed owners of intellectual property rights to prohibit arbitrage in the face of international price discrimination. In a well-known paper...

Persistent link: https://www.econbiz.de/10005791206

Intertemporal movie distribution: Versioning when customers can buy both versions

Calzada, Joan; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2011

We study a model of film production, distribution and consumption. The studio can release two goods, a theatrical and a video version, and has to decide on its versioning and sequencing strategy. In contrast with the previous literature, we allow for the possibility that consumers watch both...

Persistent link: https://www.econbiz.de/10008854538