A Dilemma Between Investment and Regulation: Real Option Approach To Determine Access Prices in Next Generation Networks

A relationship between investment and regulation is one of the most controversial issues in economic literature. this topic is more important for network industries especially for market entry regulation. in general, while applying service-based competition policy, regulators try to enhance facility-based competition at the same time. although the access by the new entrants to the incumbent's network is commonly accepted, the main question remains what the access price should be. this debate is still alive because of the emergence of the next generation networks.