By Ralf Dewenter, Justus Haucap
Entry to crucial amenities or so-called bottlenecks has turn into the major public coverage factor for the liberalization of community industries resembling telecommunications, electrical energy, rail and so forth. nonetheless, entry costs should not basically vital for pageant in previously monopolistic industries, but additionally for industries the place festival has lengthy been tested reminiscent of money and bank card networks or cellular telecommunications. because the latter industries have additionally come less than nearer scrutiny via regulatory enterprises and pageant gurus, this publication is devoted to the research of entry pricing in concept and perform. The constitution of this ebook that is geared up in 5 elements is as follows: The prolonged advent will introduce the main thoughts and matters together with a quick clarification of the basic facility suggestion in addition to the excellence among one-way and two-way entry and should in brief survey the most contributions in the literature on entry pricing idea and perform. whereas elements I and II take care of the speculation of one-way and two-way entry pricing, respectively, half III specializes in the newly rising thought of entry pricing with multihoming. components IV and V handle the perform part and concentrate on industry-specific functions and targeted difficulties (Part IV) in addition to public coverage matters (Part V). This ebook offers important theoretical and empirical analyses in entry Pricing and comparable subject matters. It bargains a number of varied issues of view. It beneficial properties study from hugely reputed scientists operating during this box.
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Additional info for Access Pricing: Theory and Practice
Consequently, the case for a regulatory intervention is argued to be weak. Overall, the authors suggest that prize-squeezes are not a major concern for broadband Internet access. Competition is argued to be sufficiently intense to maximize consumer welfare, and lower wholesale rates for DSL services are not expected to affect competition in an adverse manner. 7 CONCLUSION The chapters contained in this book summarize and extend the various developments on the subject of access pricing in both the academic literature and public policy.
Majumdar (2003): ‘Regulation and investment behaviour in the telecommunications sector: Policies and patterns in the US and Europe’, Telecommunications Policy 23: 677–699. De Bijl, P. and M. 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.
Due to this ‘capacity constraint’ there are only limited economies of scale in the downstream market as is usually the case with two-part tariffs. Moreover, capacity-based pricing can be used to ‘split’ a natural monopoly into smaller parts. These smaller parts may then compete with each other. Capacity-based pricing is particularly appropriate in industries with high capacity costs due to high peaks. Therefore, it is, for example, common in gas markets and telecommunications markets (see OECD, 2004).