Strategic investment timing under asymmetric access charge regulation in telecommunications
作者： Takashi Shibata , Hiroshi Yamazaki
DOI: 10.1016/J.EJOR.2010.06.032
关键词:
摘要: In a liberalized telecommunications market, an incumbent has several advantages over any entrant. An asymmetric access charge regulation for two such firms stimulates competitive investment. We show that entrant with cost disadvantage incentive to invest as leader under regulation. These results fit well the findings of previous empirical work. Moreover, we also investigate effects on investment strategies.
elsevier.com
sci-hub.se 参考文章(19)
Peter M. Kort, Pauli Murto, Grzegorz Pawlina, Uncertainty and stepwise investment European Journal of Operational Research. ,vol. 202, pp. 196- 203 ,(2010) , 10.1016/J.EJOR.2009.05.027
Takashi Shibata, Investment timing, asymmetric information, and audit structure: A real options framework Journal of Economic Dynamics and Control. ,vol. 33, pp. 903- 921 ,(2009) , 10.1016/J.JEDC.2008.10.005
Jean-Jacques Laffont, Patrick Rey, Jean Tirole, Competition between telecommunications operators European Economic Review. ,vol. 41, pp. 701- 711 ,(1997) , 10.1016/S0014-2921(97)00031-7
Marc Bourreau, Pınar Doğan, Service-based vs. facility-based competition in local access networks Information Economics and Policy. ,vol. 16, pp. 287- 306 ,(2004) , 10.1016/J.INFOECOPOL.2003.05.002
Jean Tirole, Jean-Jacques Laffont, Competition in telecommunications ,(1999)
Mark Armstrong, Network Interconnection in Telecommunications The Economic Journal. ,vol. 108, pp. 545- 564 ,(1998) , 10.1111/1468-0297.00304
Martin Peitz, Asymmetric access price regulation in telecommunications markets European Economic Review. ,vol. 49, pp. 341- 358 ,(2005) , 10.1016/S0014-2921(03)00046-1
Robert S. Pindyck, Avinash K. Dixit, Investment Under Uncertainty ,(1994)
Takashi Shibata, Michi Nishihara, Dynamic investment and capital structure under manager–shareholder conflict Journal of Economic Dynamics and Control. ,vol. 34, pp. 158- 178 ,(2010) , 10.1016/J.JEDC.2009.08.003
Martin Cave, Ingo Vogelsang, How access pricing and entry interact Telecommunications Policy. ,vol. 27, pp. 717- 727 ,(2003) , 10.1016/J.TELPOL.2003.08.004