Path dependencies versus efficiencies in regulation : evidence from "old" and "new" broadband markets in the EU


Briglauer, Wolfgang ; Camarda, Enrico Maria ; Vogelsang, Ingo


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URL: https://ub-madoc.bib.uni-mannheim.de/47765
URN: urn:nbn:de:bsz:180-madoc-477656
Document Type: Working paper
Year of publication: 2018
The title of a journal, publication series: ZEW Discussion Papers
Volume: 18-051
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Keywords (English): Broadband markets , "old" and "new" networks , EU regulatory framework , normative theory , positive theory , path dependence , bureaucracy , EU panel data
Abstract: This paper examines the determinants of sector-specific regulation imposed on broadband markets related both to efficiency objectives of regulators and to those of narrowly defined interest groups. We test hypotheses derived from the normative and positive theoretical literature employing recent panel data on 27 European Union member states taking into account endogeneity of the underlying regulation and market structure variables. Our empirical specification employs three different estimators based on instrumental variables in order to identify causal effects. We find evidence supporting both regulators pursuing normative objectives and inefficiencies related to regulatory path dependence, bureaucracy goals and an inadequate consideration of competition from mobile broadband networks. Our results call for adjustments in the institutional design of the decision making process under the current European Union regulatory framework.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Briglauer, Wolfgang ; Camarda, Enrico Maria ; Vogelsang, Ingo (2018) Path dependencies versus efficiencies in regulation : evidence from "old" and "new" broadband markets in the EU. Open Access ZEW Discussion Papers Mannheim 18-051 [Working paper]
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