A model for regulated product innovation and introduction with application to telecommunications
This empirical examination compares product innovation under price caps and Rate of return regulation (RoRR) in US telecommunications. The econometric model comprises a count process (for product innovation) followed by a duration process (for regulatory delay). More services were created under price caps than under RoRR. The model may also be useful for other regulatory settings and issues.
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Volume (Year): 9 (2002)
Issue (Month): 10 ()
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