Mizuno, Keizo; Yoshino, Ichiro - In: Journal of Regulatory Economics 47 (2015) 1, pp. 29-57
<Para ID="Par1">We explain how underinvestment in infrastructure upgrades is aggravated under access regulation with a cost-based access charge. When a cost-based access charge is imposed on an incumbent, the incumbent has a weak incentive to invest in infrastructure upgrades due to insufficient rewards for the...</para>
