Strategic investment decisions in regulated markets: the relationship between infrastructure investments and regulation in European broadband
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Wiesbaden
Dt. Univ.-Verl.
2007
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Ausgabe: | 1. ed. |
Schriftenreihe: | Markt- und Unternehmensentwicklung
Gabler Edition Wissenschaft |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | Zugl.: München, Univ., Diss., 2007 |
Beschreibung: | XVIII, 224 S. graph. Darst. |
ISBN: | 9783835008427 3835008420 |
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245 | 1 | 0 | |a Strategic investment decisions in regulated markets |b the relationship between infrastructure investments and regulation in European broadband |c Christian Wernick |
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adam_text | Contents
Foreword................................................................................................................................................................V
Preface................................................................................................................................................................VII
Contents......................................................................................,........................................................................IX
List of Figures...................................................................................................................................................XIII
List of Tables....................................................................................................................................................XIV
Abbreviations.....................................................................................................................................................XV
1 Introduction •••........................•.........................................................••...................••••............•........................1
1.1 Characteristics of Broadband...............................................................................................................2
1.1.1 Technical Characteristics................................................................................................................ 3
1.1.2 Economic Characteristics................................................................................................................5
1.2 Research Questions..............................................................................................................................8
1.3 Research Approach............................................................................................................................10
1.4 Structure and Further Proceedings.....................................................................................................14
2 Liberalisation and Regulation in Telecommunication Markets..............................................................16
2.1 European Telecommunications Regulation until the 2002 Framework............................................. 16
2.2 Telecommunications Regulation in Germany and the UK.................................................................19
2.3 Theories of Regulation.......................................................................................................................23
2.4 The 2002 Regulatory Framework for Electronic Communications...................................................25
2.5 The Process of Market Regulation.....................................................................................................27
2.6 Actors Involved in the Process of Market Regulation.......................................................................34
2.6.1 The European Commission...........................................................................................................35
2.6.2 The European Regulators Group...................................................................................................37
2.6.3 National Regulatory Authorities...................................................................................................38
2.6.4 National Competition Authorities.................................................................................................38
2.7 Interim Conclusion.............................................................................................................................39
3 Theoretical Approaches on Strategic Investment Decisions in Regulated Markets....................„........40
3.1 Research on Broadband.....................................................................................................................40
3.1.1 Unbundling and Wholesale Regulation.........................................................................................41
3.1.2 Comparative Research...................................................................................................................47
3.1.3 Assessment of Existing Literature.................................................................................................50
3.2 Theoretical Approaches on Strategic Investment Decisions in Telecommunications........................51
3.2.1 Financial Approaches....................................................................................................................54
3.2.1.1 Traditional Investment Calculation Methods.......................................................................54
3.2.1.2 Real Options........................................................................................................................55
X_________________________________________________________________________________Contents
3.2.1.3 Contributions.......................................................................................................................57
3.2.2 Strategic Approaches.....................................................................................................................58
3.2.3 Neoclassical Approaches...............................................................................................................60
3.2.4 Institutional Approaches...............................................................................................................62
3.2.4.1 Property Rights Theory........................................................................................................64
3.2.4.2 Transaction Cost Theory......................................................................................................66
3.2.4.3 Principal Agent Theory........................................................................................................69
3.2.4.4 Contributions.......................................................................................................................71
3.3 Interim Conclusion.............................................................................................................................73
4 Development of a Framework....................................................................................................................77
4.1 The Analysis of Institutions...............................................................................................................77
4.2 Institutional Conditions in a Regulated Environment........................................................................80
4.2.1 The Institutional Part of the Integrative Framework.....................................................................81
4.2.2 Characteristics of Political Markets...............................................................................................83
4.3 Economic Markets in a Regulated Environment................................................................................85
4.3.1 Retail, Wholesale and Supply Markets.........................................................................................85
4.3.2 Market Entry in Regulated Wholesale and Retail Markets...........................................................88
4.4 The Level of the Firms.......................................................................................................................89
4.5 The Analytical Framework................................................................................................................90
4.6 The Application of the Framework....................................................................................................93
5 Explorative Case Studies on Strategic Investment Decisions and Regulation in European
Broadband...................................................................................................................................................98
5.1 Institulional Structures..................................................................................................................... 100
5.1.1 The Institutional Stances of European Regulators......................................................................103
5.1.1.1 National Regulatory Authorities and National Competition Authorities...........................103
5.1.1.2 National Regulatory Authorities and the European Regulators Group..............................105
5.1.1.3 National Regulatory Authorities and the European Commission......................................106
5.1.1.4 National Regulatory and Political Authorities...................................................................108
5.1.2 The Stances of National Regulatory Authorities in Germany and the UK..................................110
5.1.2.1 The Stance of Ofcom.........................................................................................................110
5.1.2.2 The Stance of the Bundesnetzagentur................................................................................115
5.1.3 The Independency of National Regulatory Authorities...............................................................121
5.1.4 Consequences of Institutional Structures on Strategic Investment Decisions.............................126
5.1.4.1 The Calculability of the Regulatory Environment.............................................................129
5.1.4.2 The Transparency of Regulatory Processes.......................................................................130
5.1.4.3 The Duration of Regulatory Processes..............................................................................131
5.1.4.4 The Consideration of National Particularities....................................................................132
5.1.5 Findings on Institutional Structures.............................................................................................133
Contents_______________________________________________________________________________XI
5.2 Business Regulator Relationships....................................................................................................133
5.2.1 The Rise of the Regulatory Departments....................................................................................134
5.2.1.1 The Development of a Strategic Perception of Regulation................................................135
5.2.1.2 Business Regulator Relationships in Germany..................................................................138
5.2.1.3 Business Regulator Relationships in the UK.....................................................................139
5.2.1.4 Business Regulator Relationships on the European Level................................................. 142
5.2.2 The Role of Lobbying Associations............................................................................................143
5.2.3 Business Regulator Relationships and Strategic Investment Decisions......................................146
5.2.4 Findings on Business Regulator Relationships...........................................................................149
5.3 Regulatory Intervention in Broadband Markets............................................................................... 149
5.3.1 Supplier Structures and Access Regulation.................................................................................149
5.3.1.1 Competition Structures in German and UK Broadband Markets......................................150
5.3.1.2 Particularities of German and UK Broadband Markets.....................................................154
5.3.2 Investments in German and UK Broadband Markets..................................................................158
5.3.2.1 Overall Investments in the UK Telecommunications Market............................................159
5.3.2.2 Overall Investments in the German Telecommunications Market.....................................150
5.3.3 Regulation and Investment in Next Generation Networks in Germany......................................163
5.3.3.1 The Political Debate on Regulatory Holidays in Germany................................................163
5.3.3.2 The Strategy of DTAG with Regard to the Regulatory Environment................................167
5.3.3.3 Potential Consequences of Regulatory Holidays...............................................................169
5.3.4 Regulation and Investment in Next Generation Networks in the UK......................................... 171
5.3.4.1 BT s 21 Century Network and the Strategic Review....................................................... 171
5.3.4.2 The Strategy of BT with Regard to the Regulatory Environment......................................172
5.3.5 Findings on Regulatory Intervention in Broadband Markets......................................................175
6 Findings on Strategic Investment Decisions and Regulation in European Broadband......................176
6.1 The Relationship between Regulation and Investment in Broadband..............................................176
6.2 Ten Theses on Regulation and Strategic Investment Decisions in Broadband................................182
6.3 Theoretical Contributions and Assessment......................................................................................185
6.3.1 Contributions on the Institutional Structures of Broadband Markets..........................................186
6.3.2 Contributions on Business Regulator Relationships...................................................................188
6.3.3 Contributions on Different Perceptions of Regulation................................................................190
6.3.4 Assessment in Relation to Existing Literature............................................................................193
6.4 Policy Recommendations.................................................................................................................194
7 Conclusion and Outlook......„.................................~........ .................. 198
Appendix..__________„_____.__........___.............. ...................__.......___.«.... ____________________201
References .... .......................................................™.....~.~...»..».................w~~..... ..«•.... 203
I ndfi..........................._____„„..._...„..______~.~____.._.... .______.__________.__._______________223
List of Figures
Figure 1: Broadband Subscribers per 100 Inhabitants (by Technology).................................................................2
Figure 2: The Structure of the Thesis....................................................................................................................15
Figure 3: Juxtaposition of the Past and the 2002 Framework...............................................................................26
Figure 4: The Process of Market Regulation........................................................................................................29
Figure 5: Overview of Notifications (as of October 2006)...................................................................................34
Figure 6: Actors Involved in the Process of Market Regulation...........................................................................35
Figure 7: Bitstream Access Points........................................................................................................................43
Figure 8: Market Shares in the European Broadband Markets (by Access Type)................................................43
Figure 9: Classification of Existing Literature on Strategic Investment Decisions in Telecommunications........54
Figure 10: Assessment of Different Perspectives on Strategic Investment Decisions..........................................74
Figure 11: The Hierarchy of Institutions...............................................................................................................78
Figure 12: Four Levels of Social Analysis............................................................................................................79
Figure 13: Three Levels of Institutional Conditions in a Regulated Environment The Political Market...........82
Figure 14: The Economic Market within a Regulated Environment.....................................................................85
Figure 15: Entry Strategies in the Broadband Market...........................................................................................88
Figure 16: The Integrative Framework.................................................................................................................91
Figure 17: Possible Entities of Analysis in the Framework..................................................................................93
Figure 18: Entities of Analysis..............................................................................................................................95
Figure 19: Case Study Procedure..........................................................................................................................96
Figure 20: Important Relationships in the Process of Market Regulation in Telecommunications....................100
Figure 21: Relevant Actors in the Regulatory Environment in Germany and the UK........................................124
Figure 22: The Evolution of the Regulatory Affairs Function............................................................................136
Figure 23: The Role of Regulatory Departments as Coordinators and Mediators..............................................148
Figure 24: Broadband Connections in Mn by Type of Access (End of 2005)....................................................151
Figure 25: Supplier Structure in UK s and Germany s Broadband Market in Mn Customers (End of 2005).....152
Figure 26: Availability of Wholesale DSL Access in Germany and the UK (End of 2005)...............................153
Figure 27: Connection Fees and Monthly Charges for Local Loop Unbundling (in Euro).................................153
Figure 28: Wholesale Access Lines by Type of Wholesale Product in Mn (End of 2005).................................154
Figure 29: Real Investment by the UK Telecoms Industry (2002 Prices in Bn Pounds)....................................159
Figure 30: Investments in Fixed Assets in the German Telecommunication Market (in Bn Euro)....................162
Figure 31: Fields of Conflict Associated with the Regulation of DTAG s VDSL Infrastructure.......................164
Figure 32: The Regulatory Playing Field............................................................................................................177
List of Tables
Table 1: Definitions of Broadband..........................................................................................................................3
Table 2: Characteristics of Different Broadband Platforms....................................................................................4
Table 3: Research Process.....................................................................................................................................13
Table 4: Recommendation on Relevant Product and Service Markets.................................................................28
Table 5: Comparison of Economic and Political Markets.....................................................................................84
Table 6: Analysis of Investment Drivers...............................................................................................................98
Table 7: Research Questions and Referring Theses............................................................................................182
Table 8: Interview Partners.................................................................................................................................202
|
adam_txt |
Contents
Foreword.V
Preface.VII
Contents.,.IX
List of Figures.XIII
List of Tables.XIV
Abbreviations.XV
1 Introduction •••.•.••.••••.•.1
1.1 Characteristics of Broadband.2
1.1.1 Technical Characteristics. 3
1.1.2 Economic Characteristics.5
1.2 Research Questions.8
1.3 Research Approach.10
1.4 Structure and Further Proceedings.14
2 Liberalisation and Regulation in Telecommunication Markets.16
2.1 European Telecommunications Regulation until the 2002 Framework. 16
2.2 Telecommunications Regulation in Germany and the UK.19
2.3 Theories of Regulation.23
2.4 The 2002 Regulatory Framework for Electronic Communications.25
2.5 The Process of Market Regulation.27
2.6 Actors Involved in the Process of Market Regulation.34
2.6.1 The European Commission.35
2.6.2 The European Regulators Group.37
2.6.3 National Regulatory Authorities.38
2.6.4 National Competition Authorities.38
2.7 Interim Conclusion.39
3 Theoretical Approaches on Strategic Investment Decisions in Regulated Markets.„.40
3.1 Research on Broadband.40
3.1.1 Unbundling and Wholesale Regulation.41
3.1.2 Comparative Research.47
3.1.3 Assessment of Existing Literature.50
3.2 Theoretical Approaches on Strategic Investment Decisions in Telecommunications.51
3.2.1 Financial Approaches.54
3.2.1.1 Traditional Investment Calculation Methods.54
3.2.1.2 Real Options.55
X_Contents
3.2.1.3 Contributions.57
3.2.2 Strategic Approaches.58
3.2.3 Neoclassical Approaches.60
3.2.4 Institutional Approaches.62
3.2.4.1 Property Rights Theory.64
3.2.4.2 Transaction Cost Theory.66
3.2.4.3 Principal Agent Theory.69
3.2.4.4 Contributions.71
3.3 Interim Conclusion.73
4 Development of a Framework.77
4.1 The Analysis of Institutions.77
4.2 Institutional Conditions in a Regulated Environment.80
4.2.1 The Institutional Part of the Integrative Framework.81
4.2.2 Characteristics of Political Markets.83
4.3 Economic Markets in a Regulated Environment.85
4.3.1 Retail, Wholesale and Supply Markets.85
4.3.2 Market Entry in Regulated Wholesale and Retail Markets.88
4.4 The Level of the Firms.89
4.5 The Analytical Framework.90
4.6 The Application of the Framework.93
5 Explorative Case Studies on Strategic Investment Decisions and Regulation in European
Broadband.98
5.1 Institulional Structures. 100
5.1.1 The Institutional Stances of European Regulators.103
5.1.1.1 National Regulatory Authorities and National Competition Authorities.103
5.1.1.2 National Regulatory Authorities and the European Regulators Group.105
5.1.1.3 National Regulatory Authorities and the European Commission.106
5.1.1.4 National Regulatory and Political Authorities.108
5.1.2 The Stances of National Regulatory Authorities in Germany and the UK.110
5.1.2.1 The Stance of Ofcom.110
5.1.2.2 The Stance of the Bundesnetzagentur.115
5.1.3 The Independency of National Regulatory Authorities.121
5.1.4 Consequences of Institutional Structures on Strategic Investment Decisions.126
5.1.4.1 The Calculability of the Regulatory Environment.129
5.1.4.2 The Transparency of Regulatory Processes.130
5.1.4.3 The Duration of Regulatory Processes.131
5.1.4.4 The Consideration of National Particularities.132
5.1.5 Findings on Institutional Structures.133
Contents_XI
5.2 Business Regulator Relationships.133
5.2.1 The Rise of the Regulatory Departments.134
5.2.1.1 The Development of a Strategic Perception of Regulation.135
5.2.1.2 Business Regulator Relationships in Germany.138
5.2.1.3 Business Regulator Relationships in the UK.139
5.2.1.4 Business Regulator Relationships on the European Level. 142
5.2.2 The Role of Lobbying Associations.143
5.2.3 Business Regulator Relationships and Strategic Investment Decisions.146
5.2.4 Findings on Business Regulator Relationships.149
5.3 Regulatory Intervention in Broadband Markets. 149
5.3.1 Supplier Structures and Access Regulation.149
5.3.1.1 Competition Structures in German and UK Broadband Markets.150
5.3.1.2 Particularities of German and UK Broadband Markets.154
5.3.2 Investments in German and UK Broadband Markets.158
5.3.2.1 Overall Investments in the UK Telecommunications Market.159
5.3.2.2 Overall Investments in the German Telecommunications Market.150
5.3.3 Regulation and Investment in Next Generation Networks in Germany.163
5.3.3.1 The Political Debate on Regulatory Holidays in Germany.163
5.3.3.2 The Strategy of DTAG with Regard to the Regulatory Environment.167
5.3.3.3 Potential Consequences of Regulatory Holidays.169
5.3.4 Regulation and Investment in Next Generation Networks in the UK. 171
5.3.4.1 BT's 21" Century Network and the Strategic Review. 171
5.3.4.2 The Strategy of BT with Regard to the Regulatory Environment.172
5.3.5 Findings on Regulatory Intervention in Broadband Markets.175
6 Findings on Strategic Investment Decisions and Regulation in European Broadband.176
6.1 The Relationship between Regulation and Investment in Broadband.176
6.2 Ten Theses on Regulation and Strategic Investment Decisions in Broadband.182
6.3 Theoretical Contributions and Assessment.185
6.3.1 Contributions on the Institutional Structures of Broadband Markets.186
6.3.2 Contributions on Business Regulator Relationships.188
6.3.3 Contributions on Different Perceptions of Regulation.190
6.3.4 Assessment in Relation to Existing Literature.193
6.4 Policy Recommendations.194
7 Conclusion and Outlook.„.~. . 198
Appendix._„_._._. ._._.«. _201
References . .™.~.~.».».w~~. .«•. 203
I ndfi._„„._.„._~.~_._. ._._._._223
List of Figures
Figure 1: Broadband Subscribers per 100 Inhabitants (by Technology).2
Figure 2: The Structure of the Thesis.15
Figure 3: Juxtaposition of the Past and the 2002 Framework.26
Figure 4: The Process of Market Regulation.29
Figure 5: Overview of Notifications (as of October 2006).34
Figure 6: Actors Involved in the Process of Market Regulation.35
Figure 7: Bitstream Access Points.43
Figure 8: Market Shares in the European Broadband Markets (by Access Type).43
Figure 9: Classification of Existing Literature on Strategic Investment Decisions in Telecommunications.54
Figure 10: Assessment of Different Perspectives on Strategic Investment Decisions.74
Figure 11: The Hierarchy of Institutions.78
Figure 12: Four Levels of Social Analysis.79
Figure 13: Three Levels of Institutional Conditions in a Regulated Environment The Political Market.82
Figure 14: The Economic Market within a Regulated Environment.85
Figure 15: Entry Strategies in the Broadband Market.88
Figure 16: The Integrative Framework.91
Figure 17: Possible Entities of Analysis in the Framework.93
Figure 18: Entities of Analysis.95
Figure 19: Case Study Procedure.96
Figure 20: Important Relationships in the Process of Market Regulation in Telecommunications.100
Figure 21: Relevant Actors in the Regulatory Environment in Germany and the UK.124
Figure 22: The Evolution of the Regulatory Affairs Function.136
Figure 23: The Role of Regulatory Departments as Coordinators and Mediators.148
Figure 24: Broadband Connections in Mn by Type of Access (End of 2005).151
Figure 25: Supplier Structure in UK's and Germany's Broadband Market in Mn Customers (End of 2005).152
Figure 26: Availability of Wholesale DSL Access in Germany and the UK (End of 2005).153
Figure 27: Connection Fees and Monthly Charges for Local Loop Unbundling (in Euro).153
Figure 28: Wholesale Access Lines by Type of Wholesale Product in Mn (End of 2005).154
Figure 29: Real Investment by the UK Telecoms Industry (2002 Prices in Bn Pounds).159
Figure 30: Investments in Fixed Assets in the German Telecommunication Market (in Bn Euro).162
Figure 31: Fields of Conflict Associated with the Regulation of DTAG's VDSL Infrastructure.164
Figure 32: The Regulatory Playing Field.177
List of Tables
Table 1: Definitions of Broadband.3
Table 2: Characteristics of Different Broadband Platforms.4
Table 3: Research Process.13
Table 4: Recommendation on Relevant Product and Service Markets.28
Table 5: Comparison of Economic and Political Markets.84
Table 6: Analysis of Investment Drivers.98
Table 7: Research Questions and Referring Theses.182
Table 8: Interview Partners.202 |
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author | Wernick, Christian |
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bvnumber | BV022865753 |
classification_rvk | QR 700 |
ctrlnum | (OCoLC)188155728 (DE-599)DNB984618619 |
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dewey-ones | 332 - Financial economics |
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dewey-sort | 3332.6 |
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genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
genre_facet | Hochschulschrift |
geographic | Deutschland (DE-588)4011882-4 gnd Großbritannien (DE-588)4022153-2 gnd |
geographic_facet | Deutschland Großbritannien |
id | DE-604.BV022865753 |
illustrated | Illustrated |
index_date | 2024-07-02T18:45:13Z |
indexdate | 2024-07-09T21:07:16Z |
institution | BVB |
isbn | 9783835008427 3835008420 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016070932 |
oclc_num | 188155728 |
open_access_boolean | |
owner | DE-19 DE-BY-UBM DE-12 DE-1051 |
owner_facet | DE-19 DE-BY-UBM DE-12 DE-1051 |
physical | XVIII, 224 S. graph. Darst. |
publishDate | 2007 |
publishDateSearch | 2007 |
publishDateSort | 2007 |
publisher | Dt. Univ.-Verl. |
record_format | marc |
series2 | Markt- und Unternehmensentwicklung Gabler Edition Wissenschaft |
spelling | Wernick, Christian Verfasser aut Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband Christian Wernick 1. ed. Wiesbaden Dt. Univ.-Verl. 2007 XVIII, 224 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Markt- und Unternehmensentwicklung Gabler Edition Wissenschaft Zugl.: München, Univ., Diss., 2007 Telekommunikationsmarkt (DE-588)4121764-0 gnd rswk-swf Breitbandübertragung (DE-588)4146534-9 gnd rswk-swf Investition (DE-588)4027556-5 gnd rswk-swf Regulierung (DE-588)4201190-5 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Großbritannien (DE-588)4022153-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deutschland (DE-588)4011882-4 g Breitbandübertragung (DE-588)4146534-9 s Telekommunikationsmarkt (DE-588)4121764-0 s Investition (DE-588)4027556-5 s Regulierung (DE-588)4201190-5 s Großbritannien (DE-588)4022153-2 g DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016070932&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Wernick, Christian Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband Telekommunikationsmarkt (DE-588)4121764-0 gnd Breitbandübertragung (DE-588)4146534-9 gnd Investition (DE-588)4027556-5 gnd Regulierung (DE-588)4201190-5 gnd |
subject_GND | (DE-588)4121764-0 (DE-588)4146534-9 (DE-588)4027556-5 (DE-588)4201190-5 (DE-588)4011882-4 (DE-588)4022153-2 (DE-588)4113937-9 |
title | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband |
title_auth | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband |
title_exact_search | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband |
title_exact_search_txtP | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband |
title_full | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband Christian Wernick |
title_fullStr | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband Christian Wernick |
title_full_unstemmed | Strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in European broadband Christian Wernick |
title_short | Strategic investment decisions in regulated markets |
title_sort | strategic investment decisions in regulated markets the relationship between infrastructure investments and regulation in european broadband |
title_sub | the relationship between infrastructure investments and regulation in European broadband |
topic | Telekommunikationsmarkt (DE-588)4121764-0 gnd Breitbandübertragung (DE-588)4146534-9 gnd Investition (DE-588)4027556-5 gnd Regulierung (DE-588)4201190-5 gnd |
topic_facet | Telekommunikationsmarkt Breitbandübertragung Investition Regulierung Deutschland Großbritannien Hochschulschrift |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016070932&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT wernickchristian strategicinvestmentdecisionsinregulatedmarketstherelationshipbetweeninfrastructureinvestmentsandregulationineuropeanbroadband |