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Fixed telephony has long been a fundamentally important market for European telecommunications operators. The … demand function is performed by instrumenting the market price by incumbent-specific cost shifting variables as well as other … residual demand is inelastic (long run price elasticity of residual demand of -0.12). Such a level of elasticity is shown to be …
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Fixed telephony has long been a fundamentally important market for European telecommunications operators. The … demand function is performed by instrumenting the market price by incumbent-specific cost shifting variables as well as other … residual demand is inelastic (long run price elasticity of residual demand of -0.12). Such a level of elasticity is shown to be …
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