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minority outside shareholder. -- Network industries ; regulation ; vertical relations ; ownership ; corruption ; sabotage …We study an industry with a monopolistic bottleneck (e.g. a transmission network) supplying an essential input to … suggests that consumers may benefit most from legal unbundling with strong regulation and parts of ownership given to a …
Persistent link: https://www.econbiz.de/10003612741
Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which … give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising … from different entry timing, i.e. a larger reputation for the incumbent and lower cost of servicing for the entrant as a …
Persistent link: https://www.econbiz.de/10011560718
Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which … give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising … from different entry timing, i.e. a larger reputation for the incumbent and lower cost of servicing for the entrant as a …
Persistent link: https://www.econbiz.de/10011346476
We compare various access pricing rules in the two-way access model. We show that the Generalized Efficient-Component Pricing Rule (GECPR) leads to a lower equilibrium price than does the Efficient Component-Pricing Rule, Marginal Cost Pricing, or any non-negative fixed access charges
Persistent link: https://www.econbiz.de/10014066968
entry. That is, we do not need to resort to learning, weak property rights or exogenous costs of entry to generate this …
Persistent link: https://www.econbiz.de/10010284895
We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new …
Persistent link: https://www.econbiz.de/10010324471
(off-net) networks is shown to restore competition. This regulation requires neither demand data nor information about call …We analyse competition between perfectly substitutable networks. Monopolization can be sustained in equilibrium by … asymmetric access prices whereby entry is deterred by a set of margin squeezes. A regulatory package consisting of (i) mandatory …
Persistent link: https://www.econbiz.de/10014212811
of the problem and can make access regulation unnecessary. For instance, inducing mobile operators to apply RPP instead …
Persistent link: https://www.econbiz.de/10014060381
We develop a model of competition between interconnected networks, with separate local and long-distance markets …, allowing for various degrees of symmetry between carriers. Assuming two part pricing, we show that effective competition can be … interconnected local networks want to agree on cost based interconnection charges, but that through competition for local market …
Persistent link: https://www.econbiz.de/10014171873
State-owned enterprises (SOEs) are often vertically integrated firms which operate in key industries like transport, telecommunication and power generation. They provide an infrastructure and invest in its quality. We discuss the effects of liberalization and their privatization which can be...
Persistent link: https://www.econbiz.de/10003871843