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Fiber investment and access under uncertainty: long-term contracts, risk premia, and access options
Journal of Regulatory Economics ( IF 1.4 ) Pub Date : 2020-03-12 , DOI: 10.1007/s11149-020-09402-3
Marc Bourreau , Carlo Cambini , Steffen Hoernig , Ingo Vogelsang

Regulated access schemes shape incentives for both investment and entry in next-generation networks. We study in a general duopoly setting whether and how risk premia, access options or long-term contracts improve those incentives as compared to standard access pricing. The first two do so: Risk premia guarantee highest coverage, while distorting retail pricing. Access options safeguard undistorted retail competition, but are not effective in the most costly areas. On the other hand, long-term contracts have little scope to increase coverage because they intensify retail competition.

中文翻译:

不确定性下的光纤投资和访问:长期合同,风险溢价和访问选项

受监管的接入方案对下一代网络的投资和进入形成了激励。与标准获取定价相比,我们在一般的双头垄断环境下研究溢价,获取选择权或长期合同是否以及如何改善这些激励措施。前两个是这样做的:风险溢价保证最高的覆盖率,同时扭曲零售价格。访问选项可保护零售业的竞争,但在最昂贵的区域中无效。另一方面,长期合同几乎没有扩大覆盖范围的空间,因为它们加剧了零售竞争。
更新日期:2020-03-12
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