Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/56510 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorPakula, Benjaminen
dc.contributor.authorGötz, Georgen
dc.date.accessioned2012-04-04T13:49:57Z-
dc.date.available2012-04-04T13:49:57Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/56510-
dc.description.abstractThis paper analyses the incentives to upgrade input quality in vertically related (network) industries. Upstream investments have a biased effect on the downstream companies and lead to vertical product differentiation. Different vertical structures such as vertical integration, ownership and legal unbundling lead to different investments. We find that, without regulation, vertical integration and legal unbundling regimes provide highest investment incentives and lead to highest welfare. However, we also find foreclosure in the downstream market if the potential degree of horizontal product differentiation of the entrant is low. Under ownership unbundling, investment incentives are lower but there is never foreclosure of the entrant since this would worsen double marginalisation. When the network operator is subject to a break-even regulation, the investment incentives are crowded out under legal and ownership unbundling whereas they remain nearly unchanged under vertical integration. Welfare and consumer surplus decrease under legal unbundling, but increase under the two other regimes.en
dc.language.isoengen
dc.publisher|aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburgen
dc.relation.ispartofseries|aMAGKS Joint Discussion Paper Series in Economics |x09-2011en
dc.subject.jelD2en
dc.subject.jelD4en
dc.subject.jelL43en
dc.subject.jelL51en
dc.subject.jelL92en
dc.subject.ddc330en
dc.subject.keywordvertical integrationen
dc.subject.keywordinvestmenten
dc.subject.keywordforeclosureen
dc.subject.keywordregulationen
dc.subject.stwNetzzugangen
dc.subject.stwVertikale Konzentrationen
dc.subject.stwInvestitionen
dc.subject.stwÖkonomischer Anreizen
dc.subject.stwSchienenverkehren
dc.subject.stwLieferanten-Kunden-Beziehungen
dc.titleBiased quality investments and organisational structures in network industries: An application to the railway industry-
dc.typeWorking Paperen
dc.identifier.ppn655737367en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
392.68 kB





Publikationen in EconStor sind urheberrechtlich geschützt.