| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Licences, "Use or Lose" Provisions and the Time of Investment |
| Cesare Dosi; Michele Moretto
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| 发表日期 | 2010
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| 出处 | Economy and Society
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| 出版年 | 2010
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| 语种 | 英语
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| 摘要 | Exclusive rights, like mineral leases and radio spectrum licences, often hold option-like features. This occurs when licencees do not face the obligation to to develop the lease or to undertake the investment required to use the assigned spectrum. However, to avoid licences being unused for lengthy periods, regulators sometimes set time limits, after which the exclusive right of exercise may be revoked, prior to its term, because of inaction. This paper looks at the potential impact of "use or lose" provisions upon the private time of investment. We find that these provisions may either increase or reduce the probability of early investment, depending on the risk of losing the licence and the expectations about on-going deployment costs. |
| 特色分类 | L51;D44;D92
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| 关键词 | Licences
Real Options
Use or Lose Provisions
Time of Investment
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/licences-use-or-lose-provisions-and-the-time-of-investment/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117805
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推荐引用方式
GB/T 7714 |
Cesare Dosi,Michele Moretto. Licences, "Use or Lose" Provisions and the Time of Investment. 2010.
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20103151734461Nota_di_Lavoro.jpg
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JPEG
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20103291424414NDL2010-024.pdf
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Adobe PDF
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