کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5075777 1477182 2014 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Broadband investment and welfare under functional and ownership separation
ترجمه فارسی عنوان
سرمایه گذاری و رفاه باند پهن براساس تقسیم کارکردی و مالکیت
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری مدیریت فناوری و نوآوری
چکیده انگلیسی
We study how the vertical industry structure affects investment in network quality and social welfare, with a focus on the prospective deployment of high-speed broadband access networks (the so-called NGA). We model pros and cons of vertical separation, namely, pro-competitive effects and loss of some efficiencies of vertical integration, and distinguish functional separation from ownership separation. Our findings challenge the presumption that (compared with vertical integration) vertical separation reduces investment incentives and involves a trade-off between promoting consumer surplus and ensuring investment. While investment is higher under ownership rather than functional separation, the latter may yield the highest social welfare among vertical industry structures. Furthermore, the incumbent may voluntarily opt for functional separation, but in some of these cases, prohibiting separation improves welfare.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Information Economics and Policy - Volume 28, September 2014, Pages 70-82
نویسندگان
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