Access Pricing: Theory and Practice by Ralf Dewenter, Justus Haucap

By Ralf Dewenter, Justus Haucap

Entry to crucial amenities or so-called bottlenecks has turn into the foremost public coverage factor for the liberalization of community industries comparable to telecommunications, electrical energy, rail etc. nonetheless, entry costs aren't purely vital for pageant in previously monopolistic industries, but additionally for industries the place festival has lengthy been confirmed resembling money and bank card networks or cellular telecommunications. because the latter industries have additionally come less than nearer scrutiny by means of regulatory businesses and festival professionals, this booklet is devoted to the research of entry pricing in idea and perform. The constitution of this publication that's equipped in 5 elements is as follows: The prolonged advent will introduce the main innovations and concerns together with a short clarification of the fundamental facility notion in addition to the excellence among one-way and two-way entry and should in short survey the most contributions in the literature on entry pricing conception and perform. whereas components I and II take care of the idea of one-way and two-way entry pricing, respectively, half III makes a speciality of the newly rising concept of entry pricing with multihoming. components IV and V handle the perform facet and concentrate on industry-specific functions and distinct difficulties (Part IV) in addition to public coverage matters (Part V). This e-book presents necessary theoretical and empirical analyses in entry Pricing and similar issues. It bargains a number of assorted issues of view. It beneficial properties learn from hugely reputed scientists operating during this box.

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While a single-part tariff distorts both the entry decision and the entrant’s supply decision in the direction of ‘too much’ entry and competition, the two-part access tariff only distorts the entry decision. Therefore, the regulator should only choose a single-part tariff if two-part tariffs do not induce enough entry. The fourth chapter, authored by Paul de Bijl and Martin Peitz, finally analyzes local loop unbundling (LLU) in telecommunications markets. In recent times, LLU has become more important due to the emergence and diffusion of ‘voice over Internet protocol’ (VoIP) telephony which has the potential to further intensify competition, especially in fixed-line telephony markets.

As the authors show, a crucial condition for the use of access prices as an instrument to facilitate collusion is that retail prices are strategic complements and, furthermore, that an increase in the access charge shifts out the firm’s reaction curve. However, as Stefan Buehler and Armin Schmutzler also show, these assumptions do not necessarily hold for network competition with two-way access. Hence, it is at best unclear whether the collusion argument is unconditionally valid. More importantly, the collusion argument is usually supported by rather strong assumptions such as full coverage (full participation) and balanced calling patterns (firms’ symmetry), while unambiguous results cannot be obtained if these rather strong assumptions are violated.

Peitz (2002): Regulation and Entry into Telecommunications Markets, Cambridge University Press, Cambridge. Dewenter, R. (2004): Essays on interrelated media markets, Nomos Verlag, Baden-Baden. Dewenter, R. and J. Haucap (2004): ‘Die Liberalisierung der Telekommunikationsbranche in Deutschland: Bisherige Erfolge und weiterer Handlungsbedarf’, Zeitschrift für Wirtschaftspolitik 53: 374–393. ERG (2004): ERG Common Position on the Approach to Appropriate Remedies in the New Regulatory Framework, ERG, Brussels.

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