analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference … competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific …

This paper empirically assesses the impact of the intensity of competition on investment in new technologies within the … mobile telecommunications industry. Using firm level panel data and an instrumental variable estimation it finds an inverted …-U relationship between competition intensity and investment. The intermediate level of competition intensity that maximizes …