Micha; lstrok; Grajek; Röller, Lars-Hendrik - In: Journal of Law and Economics 55 (2012) 1, pp. 189-189
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications … 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 …