The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?

Detalhes bibliográficos
Autor(a) principal: Vareda, João
Data de Publicação: 2007
Outros Autores: Hoernig, Steffen
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/82847
Resumo: We analyze the impact of mandatory access on the infrastructure investments of two competing communications networks, and show that for low (high) access charges firms wait (preempt each other). Contrary to previous results, under preemption a higher access charge can delay first investment. While first-best investment cannot be achieved with a fixed access tariff, simple instruments such as banning access in the future, or granting access holidays right after investment, can improve efficiency. The former forces investment when it would happen too late, while the latter allows for lower access charges in order to delay the second investment when it would happen too early.
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spelling The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?Access pricingInvestmentsPreemptionAccess banAccess holidaysWe analyze the impact of mandatory access on the infrastructure investments of two competing communications networks, and show that for low (high) access charges firms wait (preempt each other). Contrary to previous results, under preemption a higher access charge can delay first investment. While first-best investment cannot be achieved with a fixed access tariff, simple instruments such as banning access in the future, or granting access holidays right after investment, can improve efficiency. The former forces investment when it would happen too late, while the latter allows for lower access charges in order to delay the second investment when it would happen too early.Nova SBERUNVareda, JoãoHoernig, Steffen2019-10-01T13:15:38Z2007-112007-11-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/82847engVareda, João and Hoernig, Steffen, The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best? (November, 2007). FEUNL Working Paper Series No. 524info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:36:48Zoai:run.unl.pt:10362/82847Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:13.466639Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
title The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
spellingShingle The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
Vareda, João
Access pricing
Investments
Preemption
Access ban
Access holidays
title_short The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
title_full The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
title_fullStr The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
title_full_unstemmed The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
title_sort The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best?
author Vareda, João
author_facet Vareda, João
Hoernig, Steffen
author_role author
author2 Hoernig, Steffen
author2_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Vareda, João
Hoernig, Steffen
dc.subject.por.fl_str_mv Access pricing
Investments
Preemption
Access ban
Access holidays
topic Access pricing
Investments
Preemption
Access ban
Access holidays
description We analyze the impact of mandatory access on the infrastructure investments of two competing communications networks, and show that for low (high) access charges firms wait (preempt each other). Contrary to previous results, under preemption a higher access charge can delay first investment. While first-best investment cannot be achieved with a fixed access tariff, simple instruments such as banning access in the future, or granting access holidays right after investment, can improve efficiency. The former forces investment when it would happen too late, while the latter allows for lower access charges in order to delay the second investment when it would happen too early.
publishDate 2007
dc.date.none.fl_str_mv 2007-11
2007-11-01T00:00:00Z
2019-10-01T13:15:38Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/82847
url http://hdl.handle.net/10362/82847
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Vareda, João and Hoernig, Steffen, The race for telecoms infrastructure investment with bypass: Can access regulation achieve the first best? (November, 2007). FEUNL Working Paper Series No. 524
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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