follows a path of full liberalization, facing, however, great difficulties in achieving unbundling of vertically integrated …, enacting regulation to ensure household consumer protection and security of supply. …

This paper provides an overview of telecommunications regulation in the U.S. and in Europe. For each region the history … the question of how unbundling regulations in the local access market have evolved in parallel to the convergence of …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

This paper considers the impact of European telecom regulation on the value of affected companies. Employing a … repeating ARGARCH model, I compare the effect of three types of regulation which are categorized based on the addressed subject …, i.e. cross-market, country-specific and company-specific regulation. While standard event study approaches are a special …