کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
479182 | 1446202 | 2007 | 8 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Optimal access pricing for natural monopoly networks when costs are sunk and revenues are uncertain
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی کامپیوتر
علوم کامپیوتر (عمومی)
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Optimal access pricing for natural monopoly networks when costs are sunk and revenues are uncertain Optimal access pricing for natural monopoly networks when costs are sunk and revenues are uncertain](/preview/png/479182.png)
چکیده انگلیسی
This paper studies optimal access pricing for natural monopoly networks with large sunk costs and uncertain revenues. Using techniques from the option pricing literature, we show that the optimal access price corresponds to a risk-free form of the Efficiency Component Pricing Rule (ECPR), that is, where the opportunity cost is based on the risk free rate of return. We also show that at levels of revenue above the optimal level that triggers entry, the entrant should pay a premium above risk-free ECPR that rewards the incumbent for relinquishing his rights to the risky cash flows at the higher revenue level.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Operational Research - Volume 178, Issue 2, 16 April 2007, Pages 595–602
Journal: European Journal of Operational Research - Volume 178, Issue 2, 16 April 2007, Pages 595–602
نویسندگان
Ephraim Clark, Joshy Z. Easaw,