This paper considers the impact of European telecom regulation on the value of affected companies. Employing a … repeating AR-GARCH model, I compare the effect of three types of regulation which are categorized based on the addressed subject …, i.e. cross-market, country-specific and company-specific regulation. While standard event study approaches are a special …

most relevant regulatory measures – that is, co-investment models as well as different types of access regulation – we …

. Moreover, national regulators become more independent, and former national regulation tasks are partially shifted to the pan …

encourages infrastructure investments. The investment incentive of this regulation scheme has been multiply proven in the … lowers the investor’s termination rates but increases (in the absence of regulation), reduces (with LRIC regulation) or keeps … the competitors’ termination rates constant (with standard cost-based or price-cap regulation). Employing data for the …

Under ex ante access regulation entrants often claim that access fees are excessive. I show that this is only the case … strictly positive access fee which may exceed the efficient level. Ex post regulation facilitates this type of collusion and …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …

regulation and recently imposed fiber access regulations. Our main finding is that more stringent access regulations for both the …