We analyze the adoption of access regimes that differ according to the prevailing degree of infrastructure competition in different geographical areas of a country. Our results show that, compared to a uniform access price, geographically differentiated access prices improve welfare and incentivize investment. However, when access provision in areas with infrastructure competition is deregulated, welfare might decrease, because multiple inefficient equilibria at the wholesale level emerge, with either too little or too much investment. (C) 2015 Elsevier B.V. All rights reserved.
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EMLYON Business Sch, Res Ctr Entrepreneurial Finance, 23 Ave Guy de Collongue, F-69134 Ecully, FranceEMLYON Business Sch, Res Ctr Entrepreneurial Finance, 23 Ave Guy de Collongue, F-69134 Ecully, France
Groh, Alexander Peter
Wallmeroth, Johannes
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机构:
EMLYON Business Sch, Res Ctr Entrepreneurial Finance, 23 Ave Guy de Collongue, F-69134 Ecully, France
Univ Lyon 3, 1 Rue Univ, F-69007 Lyon, FranceEMLYON Business Sch, Res Ctr Entrepreneurial Finance, 23 Ave Guy de Collongue, F-69134 Ecully, France