Facility- and service-based competition and investment in fixed broadband networks : lessons from a decade of access regulations in the European Union member states


Briglauer, Wolfgang ; Gugler, Klaus ; Haxhimusa, Adhurim


[img]
Vorschau
PDF
dp15048.pdf - Veröffentlichte Version

Download (475kB)

URL: https://ub-madoc.bib.uni-mannheim.de/39497
URN: urn:nbn:de:bsz:180-madoc-394977
Dokumenttyp: Arbeitspapier
Erscheinungsjahr: 2015
Titel einer Zeitschrift oder einer Reihe: ZEW Discussion Papers
Band/Volume: 15-048
Ort der Veröffentlichung: Mannheim
Sprache der Veröffentlichung: Englisch
Einrichtung: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC-Schriftenreihe: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Fachgebiet: 330 Wirtschaft
Fachklassifikation: JEL: L43 , L52 , L96,
Freie Schlagwörter (Englisch): Investment dynamics , regulation , service-based competition , facility-based competition , strategic effects
Abstract: This paper employs firm-level panel data of 57 incumbent and entrant firms for 23 European countries in the decade from 2003 to 2012. We examine the impact of service- and facility-based competition on firm-level investment as well as the strategic effects underlying infrastructure investment decisions. At the same time we explicitly model the structural dynamics of broadband investment by means of a flexible accelerator model. The empirical specification employs dynamic panel estimation techniques which allows us to account for various sources of endogeneity. We find that facility-based competition exerts a positive and significant impact on both incumbents and entrants implying that incumbents’ and entrants’ investment decisions are strategic complements. Moreover, we find that intermodal competition in terms of fixed-mobile substitution exerts different effects at the firm level. Finally, we show that service-based competition appears to have no significant impact on the investment decision of incumbents and entrants. However, with respect to the later phase of market liberalization, service-based competition exerts a negative impact on entrants’ investment. Our results thus also provide relevant policy guidance on the role of service-based competition in regulating emerging high-speed broadband infrastructure.




Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




Metadaten-Export


Zitation


+ Suche Autoren in

+ Download-Statistik

Downloads im letzten Jahr

Detaillierte Angaben



Sie haben einen Fehler gefunden? Teilen Sie uns Ihren Korrekturwunsch bitte hier mit: E-Mail


Actions (login required)

Eintrag anzeigen Eintrag anzeigen