Consider the problem of financing and providing an incentive for an infrastructure provider to enhance the infrastructure. Much of the theoretical literature on access pricing is not applicable for two reasons, Firstly, it ignores the difference between two cost concepts. One, which determines...

In recent years, there has been much interest in the use of auctions in utility service industries in the UK and in other countries. The most publicised examples have been franchise auctions eg. auctions for 3G mobile telecom spectrum, the UK auctions of railways operating franchises, etc....