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THE IMPOSSIBILITY OF THE ‘LADDER OF INVESTMENT’ APPROACH TO REGULATION |
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| Authors: | Fernando Herrera‐González Luis Castejón‐Martín |
| Institution: | 1. Madrid;2. Universidad Politécnica de Madrid |
| Abstract: | The ‘ladder of investment’ is a regulatory approach that has been used by EU National Regulatory Authorities (NRAs) to foster infrastructure competition among telco operators. In this paper, it is argued, using the method of the Austrian School of Economics, that the ladder of investment cannot possibly attain the expected results. |
| Keywords: | Regulation ladder of investment investment incentives theory of price control entrepreneurship market process |