Market Microstructure and Incentives to Invest

Gone with the wind ? Electricity market prices and incentives to invest in thermal power

Incentives to invest and to give access to new technologies

We analyze the incentives of a vertically integrated firm, which is a regulated monopolist in the wholesale market and competes with an entrant in the retail market, to invest and to give access to a new wholesale technology. The new technology is unregulated and produces retail products of a higher quality than the old technology. If the innovation is non-drastic, the vertically integrated fir...

Vendors' incentives to invest in software quality in enterprise systems

Growth Incentives to Invest in a Network Externality Environment

Firms that operate in the telecommunications industry often have to make large and risky investments in digital infrastructure. This paper examines how firm size affects the incentive to invest in infrastructure projects in industry environments that incur substantial network externalities. We suggest that, in the presence of network externalities, a firm's rate of growth first declines and the...

Market structure and the incentive to invest in telecommunication infrastructure

This paper addresses the question of how the competitive situation in a downstream market, the services, influences the innovative activity in an upstream market, the network infrastructure. To attend to the two-level-structure of the market presented above, the structure of the model follows models from the patent licensing literature. To adapt to the telecommunication sector this paper consid...