Broadband investment and regulation: A literature review
Telecommunications Policy
Snakes and ladders: Unbundling in a next generation world
Telecommunications Policy
An assessment of the equality of access and no-regulation approaches to next generation networks
Telecommunications Policy
Ex ante regulation and co-investment in the transition to next generation access
Telecommunications Policy
Access regulation, entry and investments in telecommunications
Telecommunications Policy
The interplay of regulation and other drivers of NGN deployment: A real-world perspective
Telecommunications Policy
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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.