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In February 1997 WTO members signed the Fourth protocol, which, for the first time, determined a set of international rules for trade in basic telecommunication services. While this agreement was a major step in the direction of liberalising national telecommunication markets, many deficiencies...
Persistent link: https://www.econbiz.de/10012272099
To give the exchange of goods and services between the European Union (EU) and the United States (U.S.) new momentum the two parties are currently negotiating the transatlantic free trade agreement Transatlantic Trade and Investment Partnership (TTIP). The aim is to create the largest free trade...
Persistent link: https://www.econbiz.de/10011598689
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This paper contributes a theoretical analysis of the effects of different types of regulation on the timing of monopoly … base, we distinguish between price-based regulation and cost-based regulation. Under cost-based regulation, investment … triggers a change of regulated prices, whereas, under price-based regulation, investment does not affect them. To motivate …
Persistent link: https://www.econbiz.de/10010423694
CAPEX-bias occurs when the OPEX solution is the more efficient approach, but regulation sets distorted incentives to choose …
Persistent link: https://www.econbiz.de/10013257402
This paper shows with a formal model that under monopoly regulation, OPEX-risk can be a source for a CAPEX-bias. If …-OPEX-CAPEX- share (FOCS) which is a variation of TOTEX-regulation and second, OPEX-mark-up. FOCS internalizes the CAPEX-bias and can be …
Persistent link: https://www.econbiz.de/10012167571
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