Gautier, Axel; Mizuno, Keizo - Centre de Recherche en Économie Publique et de la … - 2011
Universal service obligations are usually not competitively neutral as they modify the wayfirms compete in the market. In this paper, we consider a continuum of local markets in a dynamic setting with a stochastically growing demand. The incumbent must serve all markets (ubiquity) possibly at a...