Access price regulation and investment incentives

D 2013

Access price regulation and investment incentives

STANĚK, Rostislav

Základní údaje

Originální název

Access price regulation and investment incentives

Autoři

STANĚK, Rostislav

Vydání

Jihlava, Proceedings of the 31st International Conference Mathematical Methods in Economics 2013, od s. 838-843, 6 s. 2013

Nakladatel

College of Polytechnics Jihlava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

paměťový nosič (CD, DVD, flash disk)

Odkazy

URL

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/13:00074762

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-87035-76-4

UT WoS

000335578000142

Klíčová slova anglicky

infrastructure investment; access price regulation

Změněno: 9. 4. 2015 07:49, Mgr. Daniela Marcollová

Anotace

V originále

The paper provides a model of an industry with a vertically integrated infrastructure provider that has a possibility to invest into qualityupgrading infrastructure technology. The investment increases consumer’s willingness to pay. The paper examines investment incentives and welfare implication of access price regulation without the possibility of ex-ante commitment. Regulation with imperfect information is considered as well as regulation with perfect information. The model shows that regulation causes underinvestment in both cases. The imperfect information model has only pooling equilibria which makes the underinvestment problem more severe. The regulation increases welfare only if the marginal investment costs are high enough and the degree of information asymmetry is low enough.

Návaznosti

MUNI/A/0797/2012, interní kód MU

Název: Mikroekonomické základy politiky hospodářské soutěže (Akronym: MiZaHOPO)

Investor: Masarykova univerzita, Mikroekonomické základy politiky hospodářské soutěže, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

STANĚK, Rostislav. Access price regulation and investment incentives. In Hana Vojáčková. Proceedings of the 31st International Conference Mathematical Methods in Economics 2013. Jihlava: College of Polytechnics Jihlava, 2013, s. 838-843. ISBN 978-80-87035-76-4.

@inproceedings{1124346,
   author = {Staněk, Rostislav},
   address = {Jihlava},
   booktitle = {Proceedings of the 31st International Conference Mathematical Methods in Economics 2013},
   editor = {Hana Vojáčková},
   keywords = {infrastructure investment; access price regulation},
   howpublished = {paměťový nosič},
   language = {eng},
   location = {Jihlava},
   isbn = {978-80-87035-76-4},
   pages = {838-843},
   publisher = {College of Polytechnics Jihlava},
   title = {Access price regulation and investment incentives},
   url = {https://mme2013.vspj.cz/about-conference/conference-proceedings},
   year = {2013}
}

TY  - CONF
ID  - 1124346
AU  - Staněk, Rostislav
PY  - 2013
TI  - Access price regulation and investment incentives
PB  - College of Polytechnics Jihlava
CY  - Jihlava
SN  - 9788087035764
KW  - infrastructure investment
KW  - access price regulation
UR  - https://mme2013.vspj.cz/about-conference/conference-proceedings
L2  - https://mme2013.vspj.cz/about-conference/conference-proceedings
N2  - The paper provides a model of an industry with a vertically integrated infrastructure provider that has a possibility to invest into qualityupgrading infrastructure technology. The investment increases consumer’s willingness to pay. The paper examines investment incentives and welfare implication of access price regulation without the possibility of ex-ante commitment. Regulation with imperfect information is considered as well as regulation with perfect information. The model shows that regulation causes underinvestment in both cases. The imperfect information model has only pooling equilibria which makes the underinvestment problem more severe. The regulation increases welfare only if the marginal investment costs are high enough and the degree of information asymmetry is low enough.
ER  -

STANĚK, Rostislav. Access price regulation and investment incentives. In Hana Vojáčková. \textit{Proceedings of the 31st International Conference Mathematical Methods in Economics 2013}. Jihlava: College of Polytechnics Jihlava, 2013, s.~838-843. ISBN~978-80-87035-76-4.

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