We investigate how various institutional settings affect a network provider's incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...

Die Liberalisierung von Netzindustrien wie Strom, Gas, Telekommunikation und Eisenbahn kennt in unterschiedlichem Ausmaß die Komponenten Privatisierung, De- und Re-Regulierung sowie Umstrukturierung. Wesentliche Frage im Kontext der Umstrukturierung der Netzsektoren ist die nach einer...

We investigate how various institutional settings affect a network provider’s incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...

Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately rewarded form unsubsidised revenues while maintaining quality, and restructuring that permits effective competition for the network services. The potential for success and the...