BLOCH, Francis; GAUTIER, Axel - Center for Operations Research and Econometrics (CORE), … - 2012
) or deploy their own infrastructure capacity (bypass). In this paper, we demonstrate that, under the threat of bypass, the … bypass by the entrant. Accordingly, from a productive efficiency point of view, there is no need to regulate access prices … when the entrant has the option to bypass. Despite that, we show that restricting the possibilities of access might be …