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unbundling regulations on new optical-fiber lines. I find that unbundling regulation prevents new providers from building optical … particular, when a new technology is introduced, unbundling regulation has an oligopolization effect on the regulated firms. This … finding in the Japanese telecommunications industry suggests that unbundling regulation during periods of new technology …
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We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...
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This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...
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