this overstimulates rival's investment that may turn out to be socially inefficient. Access regulation may discourage … the existing network to provide advanced services. We study the impact of access regulation on the type of entry and on … firms' investments. Without regulation, we find that the incumbent sets the access charge to prevent resale based entry and …

, a next-generation access network. Investment decisions are made under uncertainty and have to be made over time. This … papers provides a framework for taking uncertainty, risk aversion, and the timing of investment explicitly into account …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …-line) depreciation-given heterogeneous investment and cost cycles will cause instantaneous yardstick levels below the long …

We study the effect of observability on the noncontractible investment of a regulated firm with private marginal cost … information. We show that the observability reduces investment, pointing to the regulated firm's prevention of ratcheting. This … all of the parties affected by its investment decision have some private information …

businesses. Because they impose costs and generate uncertainty, these requirements may deter firm investment. To reduce … regulatory uncertainty and favor investment, a principal can choose a rule-based regulatory framework. However, unlike discretion …

counterparties. We show how optimal regulation depends on specific measures of financial centrality that capture how a given …