Cooperative investment, access, and uncertainty

BOURREAU, Marc; CAMBINI, Carlo; HOERNIG, Steffen

Cooperative investment, access, and uncertainty

dc.contributor.author	BOURREAU, Marc
dc.contributor.author	CAMBINI, Carlo
dc.contributor.author	HOERNIG, Steffen
dc.date.accessioned	2016-11-18T16:26:16Z
dc.date.available	2016-11-18T16:26:16Z
dc.date.issued	2016
dc.description.abstract	This paper compares the impacts of traditional one-way access obligations and the new regulatory scheme of co-investment on the roll-out of network infrastructures. We show that compulsory access leads to smaller roll-out, first because it reduces the returns from investment, and second because in the presence of uncertainty it provides access seekers with an option whose exercise hurts investors. Co-investment without access obligations leads to risk sharing and eliminates the access option, implying highest network coverage. Allowing for access on top of co-investment actually decreases welfare if the access price is low.	en
dc.format.mimetype	application/pdf	en
dc.identifier.issn	1028-3625
dc.identifier.uri	https://hdl.handle.net/1814/44084
dc.language.iso	en	en
dc.relation.ispartofseries	EUI RSCAS	en
dc.relation.ispartofseries	2016/61	en
dc.relation.ispartofseries	Florence School of Regulation	en
dc.relation.uri	http://fsr.eui.eu
dc.rights	info:eu-repo/semantics/openAccess	en
dc.subject	Co-investment	en
dc.subject	Access obligations	en
dc.subject	Next generation networks	en
dc.subject	Uncertainty	en
dc.subject	L96	en
dc.subject	L51	en
dc.title	Cooperative investment, access, and uncertainty	en
dc.type	Working Paper	en
dspace.entity.type	Publication
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person.identifier.other	34166
person.identifier.other	27725
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