The paper aims at empirically investigating the relationship between regulation and the capital structure of the regulated firm, A key aspect of the referred relationship pertains a leverage effect according to which debt could be increased as a response to previous physical capital investment...

We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...

Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the investor’s termination rates and increase...

We investigate the incentives for facility-based firms to invest in infrastructure upgrades and to foreclose service-based firms. We focus on asymmetric regulation regarding servicebased firms' access to the infrastructure held by a facility-based firm. Spillovers from the infrastructure...

We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...

This paper analyses how different types of access regulation to next generation networks affect investments and consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The access price is a function of investment costs and the...

In der abschließenden Podiumsdiskussion, die sich noch einmal mit dem Themenbereich IKT-Infrastruktur befasst, diskutieren Roland Berger, René Obermann, Lars-Hendrik Röller, Hans-Werner Sinn und Roland Tichy, „wie wir Investitionen in moderne Breitbandnetze bekommen“. Dabei ging es vor...

Nach den Ergebnissen einer neuen Studie des ifo Instituts hat der Ausbau von Breitbandnetzen positive Effekte auf das Wirtschaftswachstum. Die Analyse der jährlichen Daten von 25 OECD-Ländern über den Zeitraum 1996 bis 2007 zeigte, dass nach der Einführung von Breitbandinfrastruktur in einem...