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• W3125660185 abstract "We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering more than 70 fixed-line operators in 20 countries over 10 years. Our econometric model accommodates different investment incentives for incumbents and entrants, a strategic interaction of entrants’ and incumbents’ investments, and endogenous regulation. We find access regulation to have a negative effect on both total industry and individual carrier investment. Thus, promoting market entry by means of regulated access undermines incentives to invest in facilities-based competition. Moreover, we find evidence of a regulatory commitment problem: higher investments by incumbents encourage regulated access provision." @default.
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• W3125660185 date "2012-02-01" @default.
• W3125660185 modified "2023-09-25" @default.
• W3125660185 title "Regulation and Investment in Network Industries: Evidence from European Telecoms" @default.
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• W3125660185 doi "https://doi.org/10.1086/661196" @default.
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