| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2816 |
| DP2816 Price Competition, Innovation and Profitability: Theory and UK Evidence | |
| George Symeonidis | |
| 发表日期 | 2001-05-29 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Universal service objectives are pervasive in telecommunications, and have gained new relevance after liberalization and the introduction of competition in many markets. Despite their policy relevance, little work has been done allowing for a thorough discussion of instruments designed to achieve universal service objectives under competition. We intend to fill this gap, and consider various policy instruments, such as constraints on pricing and coverage. It is shown that these are not competitively neutral and may have far-reaching strategic effects. Equilibrium coverage of both incumbent and entrant may be lower than without regulation, and firms may even (noncooperatively) leave each others' markets to lessen competitive pressure in their remaining markets. These effects depend on which measures are imposed at the same time, thus no single measure can be evaluated in isolation. We also point out that different groups of consumers are affected in different ways, making welfare comparisons difficult. |
| 主题 | Industrial Organization |
| 关键词 | Universal service Competition Uniform pricing constraint Coverage constraint |
| URL | https://cepr.org/publications/dp2816 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531872 |
| 推荐引用方式 GB/T 7714 | George Symeonidis. DP2816 Price Competition, Innovation and Profitability: Theory and UK Evidence. 2001. |
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