A Critical Review of the “Ladder of Investment” Approach

A Critical Review of the “Ladder of Investment” Approach

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A Critical Review of the “Ladder of Investment” Approach

dc.contributor.author	Dogan, Pinar
dc.contributor.author	Bourreau, Marc
dc.contributor.author	Manant, Matthieu
dc.date.accessioned	2011-03-29T18:00:42Z
dc.date.issued	2010
dc.identifier.citation	Bourreau, Marc, Pinar Doğan, and Matthieu Manant. 2010. A Critical Review of the "Ladder Investment" Approach. Telecommunications Policy 34(11):683-696.	en_US
dc.identifier.issn	0308-5961	en_US
dc.identifier.uri	http://nrs.harvard.edu/urn-3:HUL.InstRepos:4777447
dc.description.abstract	The “ladder of investment” is a regulatory approach proposed by Cave (2006), which has been widely embraced by national regulatory authorities in the European telecommunications sector. The approach entails providing entrants, successively, with different levels of access—the “rungs” of the investment ladder, while inducing them to climb the ladder by setting an access charge that increases over time or by withdrawing access obligations after some pre-determined date (i.e., by setting sunset clauses). Proponents of the ladder of investment approach claim that such regulatory measures would make service-based entry and facility-based entry complements—albeit they have been traditionally viewed as substitutes—in promoting competition. The regulators, thus, have shown a strong interest in this approach. The paper provides a critical review of the ladder of investment approach by setting out its two underlying assumptions and discussing their validity with references to the related industrial organization literature.	en_US
dc.language.iso	en_US	en_US
dc.publisher	Elsevier	en_US
dc.relation.isversionof	http://dx.doi.org/10.1016/j.telpol.2010.09.002	en_US
dash.license	OAP
dc.subject	MBG - Markets, Business, and Government	en_US
dc.subject	Regulatory Policy	en_US
dc.subject	Telecommunications	en_US
dc.subject	Ladder of investment	en_US
dc.subject	Facility-based competition	en_US
dc.title	A Critical Review of the “Ladder of Investment” Approach	en_US
dc.type	Journal Article	en_US
dc.description.version	Accepted Manuscript	en_US
dc.relation.journal	Telecommunications Policy	en_US
dash.depositing.author	Dogan, Pinar
dc.date.available	2011-03-29T18:00:42Z