's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

to invest compared to autarky. The investment levels remain inefficient though. With generation facilities over-investment … occurs sometimes, while systematic under-investment occurs for transportation facilities. Free-riding reduces the incentives … investment. …

, while one is concerned with determinants of investment in ICT networks. The study uses German firm-level data and regional …

-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate …-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment …

regulation, vertical integration and legal unbundling regimes provide highest investment incentives and lead to highest welfare … the entrant is low. Under ownership unbundling, investment incentives are lower but there is never foreclosure of the … entrant since this would worsen double marginalisation. When the network operator is subject to a break-even regulation, the …

This paper analyses how different types of access regulation to next generation networks affect investments and … consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The … access price is a function of investment costs and the regulatory regime. A regime with fully distributed costs or a …

decision whether to invest or not depends on the probability of regulation and its assumed impact on investment returns … regulation. The regulator, on the other hand, an influence both investment decision and the incumbent's price via his signals on … regulation probability and price. These signals can be considered optimal, if they simultaneously allow investment and minimize …