The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure – A Survey

Abstract

Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. externalities. We find that public subsidies are the dominant policy alternative in white areas, whereas access regulations can be the preferred policy in white or "grey" areas, where only monopoly structure or co-investment models lead to private investment.Deregulatory policies might be preferable in grey areas, if there is sufficient pressure from competitive outside options and if competition law is strong. Finally, deregulatory policies including soft regulation are the dominant policy in "black" areas, where several independent infrastructure operators exist.[1]

Path dependencies versus efficiencies in regulation: Evidence from “old” and “new” broadband markets in the EU

“…As there is no empirical literature on the determinants of NGN regulation available so far, we first refer to the NGN related literature on the linkage between old legacy regulation and NGN investment as reviewed in Briglauer et al (2015). Whereas the theoretical literature highlights several opposing effects at the firm level, the few contributions from the empirical literature available so far point to a negative relationship.…”

La economía política de las industrias de red en la Unión Europea

“…En coherencia con esto, la propiedad de aquellos segmentos donde se centran los elementos de costes fijos (los segmentos de infraestructuras, que son monopolio natural) podría ser fundamentalmente pública. En la práctica, las economías de alcance entre segmentos monopolísticos y competitivos y la ausencia de instrumentos impositivos no distorsionantes dificultan la aplicación de estas recetas convencionales, por lo cual encontramos en diferentes países distintas maneras de aproximarse (o no) a este ideal, como se explica en Briglauer et al (2014).…”

The European Electronic Communications Code: A Critical Appraisal with a Focus on Incentivizing Investment in next Generation Broadband Networks

“…In reviewing the academic literature we will only focus on the most relevant and recent contributions from both theoretical and empirical perspectives. For comprehensive surveys, the reader is referred to Balmer (2013) who reviews the literature focusing on geographic (de-) regulation and cooperative NGA investment as well as Briglauer et al (2015) who provide an overview of the existing academic literature on the impact of old and new broadband infrastructure access regulation on NGA investment and adoption of new broadband services. HSBC (2016) represents a policy-oriented review of a broad range of regulatory measures foreseen in the EECC proposal from an institutional investor´s point of view.…”

“…Investment sharing might also come hand in hand with cost reductions, e.g., in case of traditional and non-traditional telecommunications operators due to the sharing of skills, capabilities and different infrastructure elements in the network hierarchy (see, e.g., ITU, 2015). Co-investment could also ensure that inefficient investment -such as the unnecessary duplication of infrastructures -can be avoided (see Briglauer et al, 2015). However, it is important to note that the reasons why co-investment agreements might be successful do not imply that market risk disappears altogether with such agreements.…”