Cooperative investment, access, and uncertainty

Detalhes bibliográficos
Autor(a) principal: Bourreau, Marc
Data de Publicação: 2018
Outros Autores: Cambini, Carlo, Hoernig, Steffen
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://doi.org/10.1016/j.ijindorg.2017.11.004
Resumo: An earlier but substantially different version of this paper was circulated as "Cooperative Investment, Uncertainty and Access" (CEPR Discussion Paper No. DP9376). We would like to thank Emilio Calvano, Jan Kramer, Marc Lebourges, Keizo Mizuno, Martin Peitz, Tommaso Valletti, and Ingo Vogelsang for valuable comments and suggestions on earlier drafts. Marc Bourreau acknowledges financial support from the Orange/Telecom ParisTech partnership. Steffen Hoernig acknowledges funding by FCT - Fundacao para a Ciencia e Tecnologia under the project ref. UID/ECO/00124/2013 and by POR Lisboa under the project LISBOA-01-0145-FEDER-007722.
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spelling Cooperative investment, access, and uncertaintyAccess obligationsCo-investmentNext generation networksUncertaintyIndustrial relationsAerospace EngineeringStrategy and ManagementIndustrial and Manufacturing EngineeringAn earlier but substantially different version of this paper was circulated as "Cooperative Investment, Uncertainty and Access" (CEPR Discussion Paper No. DP9376). We would like to thank Emilio Calvano, Jan Kramer, Marc Lebourges, Keizo Mizuno, Martin Peitz, Tommaso Valletti, and Ingo Vogelsang for valuable comments and suggestions on earlier drafts. Marc Bourreau acknowledges financial support from the Orange/Telecom ParisTech partnership. Steffen Hoernig acknowledges funding by FCT - Fundacao para a Ciencia e Tecnologia under the project ref. UID/ECO/00124/2013 and by POR Lisboa under the project LISBOA-01-0145-FEDER-007722.This paper compares the impacts of traditional one-way access obligations and the new regulatory scheme of co-investment on the roll-out of network infrastructures. We show that compulsory access leads to smaller roll-out, first because it reduces the returns from investment, and second because in the presence of uncertainty it provides access seekers with an option whose exercise hurts investors. Co-investment without access obligations leads to risk sharing and eliminates the access option, implying highest network coverage. Allowing for access on top of co-investment actually decreases welfare if the access price is low.NOVA School of Business and Economics (NOVA SBE)RUNBourreau, MarcCambini, CarloHoernig, Steffen2022-02-09T01:30:34Z2018-01-012018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article29application/pdfhttps://doi.org/10.1016/j.ijindorg.2017.11.004eng0167-7187PURE: 3400786http://www.scopus.com/inward/record.url?scp=85037694947&partnerID=8YFLogxKhttps://doi.org/10.1016/j.ijindorg.2017.11.004info: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:RCAAP2024-03-11T04:17:59Zoai:run.unl.pt:10362/32365Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:29:50.523713Repositório 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 Cooperative investment, access, and uncertainty
title Cooperative investment, access, and uncertainty
spellingShingle Cooperative investment, access, and uncertainty
Bourreau, Marc
Access obligations
Co-investment
Next generation networks
Uncertainty
Industrial relations
Aerospace Engineering
Strategy and Management
Industrial and Manufacturing Engineering
title_short Cooperative investment, access, and uncertainty
title_full Cooperative investment, access, and uncertainty
title_fullStr Cooperative investment, access, and uncertainty
title_full_unstemmed Cooperative investment, access, and uncertainty
title_sort Cooperative investment, access, and uncertainty
author Bourreau, Marc
author_facet Bourreau, Marc
Cambini, Carlo
Hoernig, Steffen
author_role author
author2 Cambini, Carlo
Hoernig, Steffen
author2_role author
author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Bourreau, Marc
Cambini, Carlo
Hoernig, Steffen
dc.subject.por.fl_str_mv Access obligations
Co-investment
Next generation networks
Uncertainty
Industrial relations
Aerospace Engineering
Strategy and Management
Industrial and Manufacturing Engineering
topic Access obligations
Co-investment
Next generation networks
Uncertainty
Industrial relations
Aerospace Engineering
Strategy and Management
Industrial and Manufacturing Engineering
description An earlier but substantially different version of this paper was circulated as "Cooperative Investment, Uncertainty and Access" (CEPR Discussion Paper No. DP9376). We would like to thank Emilio Calvano, Jan Kramer, Marc Lebourges, Keizo Mizuno, Martin Peitz, Tommaso Valletti, and Ingo Vogelsang for valuable comments and suggestions on earlier drafts. Marc Bourreau acknowledges financial support from the Orange/Telecom ParisTech partnership. Steffen Hoernig acknowledges funding by FCT - Fundacao para a Ciencia e Tecnologia under the project ref. UID/ECO/00124/2013 and by POR Lisboa under the project LISBOA-01-0145-FEDER-007722.
publishDate 2018
dc.date.none.fl_str_mv 2018-01-01
2018-01-01T00:00:00Z
2022-02-09T01:30:34Z
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 https://doi.org/10.1016/j.ijindorg.2017.11.004
url https://doi.org/10.1016/j.ijindorg.2017.11.004
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0167-7187
PURE: 3400786
http://www.scopus.com/inward/record.url?scp=85037694947&partnerID=8YFLogxK
https://doi.org/10.1016/j.ijindorg.2017.11.004
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 29
application/pdf
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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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