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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

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

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

Universal Service and Entry: the Role of Uniform Pricing and Coverage Constraints

Barros, Pedro Luis Pita; Hoernig, Steffen; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2001

entrant may be lower than without regulation, and firms may even (noncooperatively) leave each others' markets to lessen …

Persistent link: https://www.econbiz.de/10005791691

When two-part tariffs are not enough: Mixing with nonlinear pricing

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

We consider competition in nonlinear tariffs when consumers mix two goods, and ask whether simple two-part tariffs or exclusivity can arise in equilibrium. Contrary to the existing literature, this happens only when consumer types are observable. If they are unobservable, then the equilibrium...

Persistent link: https://www.econbiz.de/10008530344

Content and Advertising in the Media: Pay-TV versus Free-To-Air

Peitz, Martin; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2004

We compare the advertising intensity and content of programming in a market with competing media platforms. With pay-tv media platforms have two sources of revenues, advertising revenues and revenues from viewers. With free-to-air media platforms receive all revenues from advertising. We show...

Persistent link: https://www.econbiz.de/10005123830

Market Structure, Countervailing Power and Price Discrimination: The Case of Airports

Haskel, Jonathan; Iozzi, Alberto; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2011

We study bargained input prices where up and downstream firms can choose alternative vertical partners. We apply our model to airport landing fees where a number of interesting policy questions have arisen. For example, what is the impact of joint ownership of airports? Does airline...

Persistent link: https://www.econbiz.de/10008854469