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Access Regulation and Investment in Next Generation Networks: A Ranking of Regulatory Regimes

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Author Info
Rainer Nitsche (ESMT European School of Management and Technology)
Lars Wiethaus (ESMT European School of Management and Technology)
Abstract

This paper analyses how different types of access regulation to next generation networks affect investments and consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The access price is a function of investment costs and the regulatory regime. A regime with fully distributed costs or a regulatory holiday induces highest investments, followed by risk-sharing and long-run-incremental cost regulation. Risk-sharing creates most consumer welfare, followed by regimes with fully distributed costs, long-run-incremental costs and regulatory holiday, respectively. Risk-sharing benefits consumers as it combines relatively high ex-ante investment incentives with strong ex-post competitive intensity.

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Publisher Info
Paper provided by ESMT European School of Management and Technology in its series ESMT Research Working Papers with number ESMT-09-003.

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Length: 28 pages
Date of creation: 01 Jul 2009
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Handle: RePEc:esm:wpaper:esmt-09-003

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Related research
Keywords: regulation; competition; telecommunications; broadband; strategic investment;

Find related papers by JEL classification:
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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This page was last updated on 2009-12-2.

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