This paper analyzes the incentives that network operators have to invest in facilities with different levels of quality. We extend the framework of Armstrong-Laffont-Rey-Tirole by introducing an investment stage, prior to price competition, and we study the dynamic aspects of two-way access...

We study the dual relationship between market structure and prices and between market structure and investment in mobile telecommunications. Using a uniquely constructed panel of mobile operators' prices and accounting information across 33 OECD countries between 2002 and 2014, we document that...