This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …

quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than … market can sometimes improve incentives. With suitable non-linear access prices investment incentives under separation become … identical to those under integration. -- investment incentives ; networks ; quality ; vertical externality …

quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than … market can sometimes improve incentives. With suitable non-linear access prices investment incentives under separation become …