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- W3125013215 abstract "We examine the incentives of access-regulated firms to invest in infrastructure facilities they must share with competitors. The non-strategic incentives imply that investment depends positively on the market size. The strategic incentives imply that investment also depends on market composition, namely, the market shares of the facility owner and its competitors. Using a dataset of regulated electric utilities in the United States, we find evidence that transmission investments are indeed made strategically. Ceteris paribus, utilities are less likely to invest, and investment levels are lower, when competitors occupy a larger share of the market." @default.
- W3125013215 created "2021-02-01" @default.
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- W3125013215 date "2013-01-01" @default.
- W3125013215 modified "2023-09-27" @default.
- W3125013215 title "Strategic Investments under Open Access: Theory and Evidence" @default.
- W3125013215 hasPublicationYear "2013" @default.
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