Regulation And Its Effects On Competition And Investment In Network Industries
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Regulation And Its Effects On Competition And Investment In Network Industries
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Author : Christian M. Bender
language : en
Publisher:
Release Date : 2011
Regulation And Its Effects On Competition And Investment In Network Industries written by Christian M. Bender and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Emerging Issues In Competition Collusion And Regulation Of Network Industries
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Author : Antonio Estache
language : en
Publisher: CEPR
Release Date : 2011
Emerging Issues In Competition Collusion And Regulation Of Network Industries written by Antonio Estache and has been published by CEPR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
This book presents a comprehensive review of the vast economic literature covering the governance issues of network industries and suggests paths to improve their efficiences.
The Economics And Regulation Of Network Industries
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Author : Ingo Vogelsang
language : en
Publisher: Cambridge University Press
Release Date : 2021-11-04
The Economics And Regulation Of Network Industries written by Ingo Vogelsang and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-04 with Political Science categories.
Have you ever wondered how your telephone company or Internet service provider can give you access to almost all people in the world, or how electricity suppliers can compete with each other if there is only one electric supply line passing through your street? This Element deals with the economics and public regulation of such network industries. It puts particular emphasis on the specific economic concepts used for analyzing them and on the regulatory reform movement and the compatibility of regulation and competition. Worldwide most of these industries have changed dramatically in recent years, telecommunications in particular. Network industries mostly exhibit economies of scale in production and similar economies in consumption. Both of these properties cause market power problems that often require industry-specific regulation. However, due to technological and market changes network policies have moved on from end-user regulation to wholesale regulation and in some cases to deregulation.
Competition And Regulation In Network Industries
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Author : Jean-Marc Zogheib
language : en
Publisher:
Release Date : 2021-10-13
Competition And Regulation In Network Industries written by Jean-Marc Zogheib and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-13 with categories.
While particularly dynamic and innovative, the digital and telecommunication industries are found to have a great tendency towards concentration, resulting in strong market power and raising concerns from competition and regulatory authorities. In this study focusing on such network industries, Jean-Marc Zogheib explores the interplay between public policy and firms' strategies by combining various tools of theoretical economic analysis adopted from industrial economics, network economics, and platform economics. Mr. Zogheib's thesis consists of three distinct essays: the first chapter examines how merger policy affects firms' entry strategies, the second chapter shifts the focus to public intervention by considering how the coexistence of private and public players affects competition and investment, while the third chapter investigates the role of privacy in competition between digital platforms and the importance of consumer data in the competitive analysis of mergers. This book clearly illustrates how economics can contribute essential building blocks to the construction of competitive reasoning and how the integration of competition law into economic models extended their collective utility. An important read for lawyers and economists alike. The book was awarded the inaugural Concurrences PhD Award in Economics.
Competition In Network Industries
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Author : Michael Klein
language : en
Publisher:
Release Date : 1999
Competition In Network Industries written by Michael Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
April 1996 Debate about whether and how to introduce competition in network industries -- including transport, power, and telecommunications -- is sometimes heated. Klein contends that in case of doubt, policymakers should not restrict the entry of competitive firms in such networks. If they do, he says that entry restrictions should be subject to an automatic test after a set period, and reviewed for costs and benefits. A wave of privatization is sweeping the globe, affecting about 100 countries and adding up to an average of more than $60 billion a year in business in the past decade. The challenge is to ensure that privatization yields clear benefits. Empirical studies suggest that ownership change by itself will often yield results, especially when it reduces government interference. But the regulation required in areas of natural monopoly can become overly intrusive and undermine progress. Real competition is required to generate sizable and lasting welfare improvements. But in infrastructure sectors, the introduction of competition is complicated by the existence of complex transport and communications networks. Debate about whether and how to introduce competition in network industries is sometimes heated. Certain questions recur: Will continuing regulation be needed? Whether and at what terms will private finance be forthcoming? Klein argues that policymakers need to understand how competitive forces can be brought to bear in network industries. He explains: * Common principles that are often lost in technical debates about specific sectors. * Various methods for introducing competition in network industries (sketching broad regulatory requirements along the way). * Competition for the market, and bidding for franchises. * Options for competition for existing networks, including open access arrangements, pooling of homogeneous services such as electricity and natural gas, and timetabling (the competitive determination of service delivery for nonhomogeneous services that need to be sent to specific endpoints). * Options for expanding competitive systems by decentralizing investment in new network capacity. * The option of allowing competition among multiple networks. * The implications of these options for the sectors and for financing industry expansion. In case of doubt, he contends, policymakers should not restrict the entry of competitive firms in such networks. If they do, entry restrictions should be subject to an automatic test after a set period, and reviewed for costs and benefits. This paper is a product of the Private Sector Development Department.
Implementing Co Investment And Network Sharing
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Author : Marc Bourreau
language : en
Publisher: Centre on Regulation in Europe asbl (CERRE)
Release Date : 2020-05-26
Implementing Co Investment And Network Sharing written by Marc Bourreau and has been published by Centre on Regulation in Europe asbl (CERRE) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-26 with Business & Economics categories.
This CERRE report investigates the benefits and drawbacks of telecom infrastructure sharing. The authors have analysed the practice in 12 European countries* and provide recommendations to fairly and efficiently implement co-investment & network sharing agreements in Europe. The new European Electronic Communications Code introduces new regulatory provisions to stimulate investment in next-generation access networks and help to achieve the Gigabit Society targets for the European Union. One of the key new provisions is co-investment for very-high-capacity networks as an alternative to access remedies. As of today, co-investment agreements for the deployment of fast broadband fixed infrastructures have already been implemented in a few European countries. In France, in urban and suburban areas operators are obliged by existing regulations to open to potential co-investors any new fibre infrastructure that they want to roll out, with different modalities for urban and suburban areas. In Portugal, the regulator has not set up similar obligations, but Vodafone and NOS struck a commercial co-investment deal in 2017 to share dark fibre for around 2.6 million homes. Co-investment agreements have also taken place in Italy, Spain and Switzerland. With the new Code, more co-investment agreements are likely to emerge. In mobile markets, network sharing agreements are also very common, both mandated and voluntary, and can take different forms, ranging from sharing of cell sites to sharing of Radio Access Networks (RANs) and spectrum. The deployment of the new 5G mobile technology makes it necessary for operators to share even more of their infrastructure. From a public policy point of view, allowing for infrastructure sharing – where infrastructure sharing encompasses both co-investment and network sharing – involves trade-offs. For example, infrastructure sharing allows operators to share costs – e.g., costs to upgrade or deploy networks, but also operating costs – which may improve their ability to invest, improve coverage and accelerate roll-out – a clear benefit. But, on the other hand, there is the concern that in certain circumstances infrastructure sharing agreements may harm competition, for example, by reducing infrastructure-based competition, and hence investment incentives, or by facilitating collusion between co-investors. The market context (e.g., the market positions of the partners) is a strong determinant of the potential benefits and costs of an agreement. The implementation details of the agreement also matter. The general objective of this report is to discuss the implementation aspects of infrastructure sharing that may affect the trade-off between the benefits of infrastructure sharing, in terms of faster and wider rollout of high-speed networks in particular, and the potential downsides, in terms of reduced investment incentives or softened market competition. We studied the following Implementation aspects: the operational model adopted for infrastructure sharing, whether to regulate or leave the agreement to the market, the interplay between infrastructure sharing and other regulatory provisions, how to price access by late co-investors, and the specificities of infrastructure sharing agreements with business users. Our analysis shows that from a social point of view, infrastructure sharing has the following potential benefits: 1) Sharing of deployment costs, leading to faster and wider coverage and higher quality; 2) Sharing of operational costs, leading to lower prices; 3) Enhanced competition, benefiting consumers in terms of lower prices; 4) Facilitated entry for third-party operators. In the absence of infrastructure sharing, the counterfactual differs depending on the type of technology (fixed or mobile) and the market context (i.e., the dominance of partners). In the fixed market, with SMP operators, but also under the new co-investment provisions in the EECC, the counterfactual involves some access obligations. For fixed infrastructure sharing with non-SMP operators, where sharing occurs on a voluntary basis, the counterfactual would rather involve no access obligation. In the mobile market, the counterfactual situation would involve no access obligation and most (if not all) nationwide networks investing independently to upgrade their networks. The market context and the type of technology deployed (fixed or mobile) will affect the magnitude of potential benefits and drawbacks. The implementation of an infrastructure sharing agreement will also affect the potential benefits and costs of infrastructure sharing. Therefore, we have analysed how an agreement should be implemented to maximize benefits while minimizing potential costs. Finally, in this report, we discussed the experience in various European countries regarding mobile network sharing and fixed co-investment, with a review of the relevant legal cases when available. The legal cases show that infrastructure sharing agreements are generally viewed favourably by competition authorities as fostering faster network roll-out and increased competition, and that there is not one single form of cooperation that is favoured by competition authorities. The cases show that infrastructure sharing transactions, regardless of the form, must take the following anti-competitive effects into account: - The infrastructure sharing involving new network investment should result in more and faster total network roll-out, or more and faster network upgrades, than would otherwise be the case in the absence of cooperation. - As a general matter, infrastructure sharing with limited geographic scope will create fewer competition concerns than sharing covering large parts of a country; sharing in rural areas will create fewer issues than sharing in urban areas. - Sharing of passive network elements will raise fewer competition issues than sharing active network elements, such as RAN sharing. - The pricing of wholesale inputs (passive and active infrastructure, maintenance services) should be analysed both with regard to their impact on the retail pricing strategy of the parties (the risk of price coordination), but also with regard to access prices charged to third party operators (risk of foreclosure). - Where some party’s incentives are not aligned with its contractual investment or maintenance obligations, there is a significant risk of anticompetitive behaviour regardless of what is written in the contract. Therefore, infrastructure sharing deals should be avoided or carefully scrutinized where there is a mismatch in incentives (for example, if one of the parties already has a cable network in a zone covered by the party’s co-investment commitment). - Restrictions to third party access to infrastructure should be eliminated or reduced to the strict minimum necessary for the infrastructure sharing involving new network investment to be viable. - The competitive impact on third party operators of infrastructure sharing will also depend on the existence or not of regulated wholesale access remedies, as well as in co-investment projects the openness to further co-investors. - Information exchange must be limited to what is strictly necessary, including if necessary the organization of internal Chinese walls.
The Rise Of The New Network Industries
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Author : Juan Montero
language : en
Publisher: Routledge
Release Date : 2021-05-04
The Rise Of The New Network Industries written by Juan Montero and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-04 with Business & Economics categories.
Cutting through the confusion around the nature and implications of digitalization, this book explores the rise of the new digital networks, how they affect traditional infrastructure, and how they will eventually need to be regulated. The authors examine how digitalization affects infrastructures in telecommunications, transport, and energy, and how digital platforms establish themselves as a new network on top of and in addition to traditional ones. Complex concepts are introduced through short and colorful stories about the founders of the most popular platforms (Google, Facebook, Skype, Uber, etc.) and how they grew to positions of power, drawing parallels with century-old traditional network industries’ monopoly power (AT&T, General Electric, etc.). The authors argue that these digital platforms strongly interfere with traditional infrastructures that are heavily regulated and provide essential services for society – meaning that digital platforms should be considered as a new and much more powerful type of infrastructure and will require regulation accordingly. A global audience of policy makers, public authorities, consultants, lawyers, students, and academics, as well as anyone with an interest in these digital platforms, will find this book enlightening and essential reading.
Competition Policy In Network Industries
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Author : Frank Fichert
language : en
Publisher: LIT Verlag Münster
Release Date : 2007
Competition Policy In Network Industries written by Frank Fichert and has been published by LIT Verlag Münster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Antitrust law categories.
The promotion of competition in Europe's network industries has been in the foreground of economic policy in recent years. Network industries have undergone dramatic changes, involving privatisation, liberalisation and de- as well as re-regulation. But there are still many unresolved problems in both economic policy as well as economic research. Hence, a vivid exchange between academics and policy makers has emerged to find the optimal framework for these industries. This volume contributes to this discussion, containing several papers on various network industries.
Regulation And Investment In Network Industries
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Author : Michał Grajek
language : en
Publisher:
Release Date : 2009
Regulation And Investment In Network Industries written by Michał Grajek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Strategic Investment Decisions In Regulated Markets
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Author : Christian Wernick
language : de
Publisher: Springer-Verlag
Release Date : 2007-12-12
Strategic Investment Decisions In Regulated Markets written by Christian Wernick and has been published by Springer-Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-12 with Business & Economics categories.
Concentrating on Germany and the UK, Christian Wernick provides the reader with insights on the effects of different regulatory strategies, which take place under a common European regulatory framework. Combining theoretical analyses and empirical material a sophisticated and balanced picture on the coherences between regulation and investment behaviour in Germany’s and the UK’s broadband markets is presented.