Strategic Investment Decisions in Regulated Markets: The Relationship Between Infrastructure Investments and Regulation in European Broadband (Markt- und ... Markets and Organisations) [Kindle-editie] beoordelingen het boek quotes

The importance of liberalisation, regulation and deregulation on business developments in various sectors has increased in recent years. Utilities and network industries as well as health and financial services are all examples for regulated markets. Beside their differences, these sectors are characterised in a way that strategic scopes of market participants are to a high degree influenced and governed by regulatory frameworks and decisions. The author of this book investigates to which extent regulation is affecting strategic investment decisions on broadband markets. This question is both very up to date and of fundamental importance as scholarly research and practitioners are controversial on the benefits of regulation and its impact on infrastructure investments. In particular, existing research disagrees whether regulation is a necessary precondition for investments or a hindrance, which displaces investment incentives by opening incumbent networks to competitors. To figure out this question, the author concentrates on two markets, namely the German broadband market and its counterpart in the UK. Despite similar legal frameworks defined by common Directives established on the European level, different regulatory strategies have evolved, which makes it useful to contrast these markets with each other. Based on a thoroughly developed theoretical framework, a large number of interviews with market experts and various statistical data, three detailed case studies concentrate on the structural level, business regulator relationships and the consequences of regulatory interventions on wholesale markets.