Contract theory , public utilities , next generation telecommunications networks , subsidies
Abstract:
Although the future socio-economic benefits of a new fibre-based (“next generation
access”, NGA) telecommunications infrastructure seem to be uncontroversial, a
universal NGA coverage appears to be a rather unrealistic objective without
government intervention. We contend, however, that the current contract practice of
fixing ex ante targets for network expansion is inefficient given the uncertainty about
future returns on NGA infrastructure-based services and the public authorities’
incomplete information about the capital costs of the network provider. This paper puts
forward to delegate the choice of the network expansion to the NGA provider.
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