| dc.creator |
Jeon, Doh-Shin |
|
| dc.creator |
Hurkens, Sjaak |
|
| dc.date |
2007-10-31T08:18:12Z |
|
| dc.date |
2007-10-31T08:18:12Z |
|
| dc.date |
2007-10-18 |
|
| dc.date.accessioned |
2017-01-31T00:57:48Z |
|
| dc.date.available |
2017-01-31T00:57:48Z |
|
| dc.identifier |
http://hdl.handle.net/10261/1739 |
|
| dc.identifier.uri |
http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1739 |
|
| dc.description |
Trabajo publicado como artículo en The RAND Journal of Economics 39(3): 822-849 (2008).-- http://dx.doi.org/10.1111/j.1756-2171.2008.00040.x |
|
| dc.description |
We study a retail benchmarking approach to determine access prices for interconnected networks. Instead of considering fixed access charges as in the existing literature, we study access pricing rules that determine the access price that network i pays to network j as a linear function of the marginal costs and the retail prices set by both networks. In the case of competition in linear prices, we show that there is a unique linear rule that implements the Ramsey outcome as the unique equilibrium, independently of the underlying demand conditions. In the case of competition in two-part tariffs, we consider a class of access pricing rules, similar to the optimal one under linear prices but based on average retail prices. We show that firms choose the variable price equal to the marginal cost under this class of rules. Therefore, the regulator (or the competition authority) can choose one among the rules to pursue additional objectives such as consumer surplus, network coverage or investment: for instance, we show that both static and dynamic efficiency can be achieved at the same time. |
|
| dc.description |
Jeon gratefully acknowledges the financial support from the Spanish government under SEJ2006-09993/ECON and Ramon y Cajal grant. Hurkens gratefully acknowledges the financial support from the Spanish Ministry of Science and Technology under SEJ2006-01717. Both authors acknowledge support through grant CONSOLIDER-INGENIO 2010 (CSD2006-00016) and through the NET Institute www.NETinst.org. |
|
| dc.language |
eng |
|
| dc.relation |
UFAE and IAE Working Papers |
|
| dc.relation |
717.07 |
|
| dc.rights |
openAccess |
|
| dc.subject |
Networks |
|
| dc.subject |
Access Pricing |
|
| dc.subject |
Interconnection |
|
| dc.subject |
Competition Policy |
|
| dc.subject |
Telecommunications |
|
| dc.subject |
Investments |
|
| dc.title |
A Retail Benchmarking Approach to Efficient Two-Way Access Pricing |
|
| dc.type |
Documento de trabajo |
|