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The Access Pricing Problem: A Synthesis.

Abstract:

The Baumol-Willig efficient component pricing rule states that it is efficient to set the price of access to an essential facility equal to the direct cost of access plus the opportunity cost to the integrated access provider. The authors analyze the relevant notion of 'opportunity cost' under various assumptions about demand and supply conditions, including product differentiation, bypass, and substitution possibilities, which all reduce opportunity cost compared to the benchmark case. They ...

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Authors


Mark Armstrong More by this author
Chris Doyle More by this author
John Vickers More by this author
Journal:
Journal of Industrial Economics
Volume:
44
Issue:
2
Publication date:
1996
URN:
uuid:17c741d1-c53a-4fa8-9a97-3f8697839982
Local pid:
oai:economics.ouls.ox.ac.uk:10994
Language:
English

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