Baumann, Florian; Friehe, Tim - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2011
Motivated by the German postal market, this paper analyzes the effects of regulatory uncertainty about labor costs for … investment margin (technology) and establish that regulatory uncertainty affects these margins differently, encouraging market … entry but discouraging investment at the internal margin. As a consequence, the impact of regulatory uncertainty on …