Power of Incentives and Optimal Time of Investment in a Building-Blocks Approach to Regulation of an Open-Access FTTH Network

Author:

Beltrán Fernando1ORCID

Affiliation:

1. ISOM Department, University of Auckland, Auckland, New Zealand

Abstract

ABSTRACT New Zealand’s amended Telecommunications Act, 2018 New Regulatory Framework, describes new regulations primarily based on regulation already used in electricity lines, gas pipelines, and airports. This regulatory approach, new to the telecommunications sector and known as the Building Blocks Model (BBM), seeks to determine “price-quality paths” and “information disclosure determinations” based on the condition that the present value of the firm’s allowed revenue is equal to the present value of the firm’s expenditure. This article investigates the impact of the incentive structure on the regulated firm’s investment behavior. More specifically, it models and analyses the incentive structure provided by the implementation of BBM in the wholesale fiber-based broadband market of New Zealand, as well as its effects on the timing of investment.

Publisher

The Pennsylvania State University Press

Subject

Public Administration,Sociology and Political Science,Communication,Public Administration,Sociology and Political Science,Communication

Reference13 articles.

1. Beltrán, Fernando, and MarliesVan der Wee. “The Efficiency and Effectiveness of a Mixed Public-Private Broadband Deployment: The Case of New Zealand’s UFB Deployment.” In Proceedings of the 12th Conference of Telecommunication, Media and Internet Techno-EconomicsMunich, Germany, 2015. https://www.proceedings.com/content/028/028731webtoc.pdf.

2. Biggar, Darryl. “Incentive Regulation and the Building Block Model.”Australian Competition and Consumer Commission. 2004. https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=ACE2004&paper_id=133.

3. “The Timing of Monopoly Investment Under Cost-Based and Price-Based Regulation.”;Utilities Policy,2020

4. “The Timing or Repeated and Unrepeated Monopoly Investment Under Wear and Tear and Demand Growth.”,2011

5. Briglauer, Wolfgang, FrübingStefan, and VogelsangIngo. “The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure: A Survey.”No 15-003. ZEW Discussion Papers, ZEW—Leibniz Centre for European Economic Research2015. https://EconPapers.repec.org/RePEc:zbw:zewdip:15003.

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