an option to delay value and provide a positive payoff to the firm; and (iii) regulated prices yield a zero payoff to the … competitors. I show that when the regulator has only one instrument, namely the access price, an option-to-delay pricing rule …

distinct access pricing methodologies: the Efficient Component Pricing Rule (ECPR) and the Option to Delay Pricing Rule (ODPR … find that, except under very specific conditions, an access price that accounts for the option to delay value is welfare … that provide a positive payoff to the incumbent, that is, provide a positive compensation to account for the option to …

creditors the option to delay their foreclosure decision rather than obliging them to simultaneous actions as suggested by … the informational benefit from waiting against the associated cost of delay. Our results state that the option to delay …

creditors the option to delay their foreclosure decision rather than obliging them to simultaneous actions as suggested by … the informational benefit from waiting against the associated cost of delay. Our results state that the option to delay …