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De Figueiredo Edwards (2007) - Does Private Money Buy Public Policy (view source)
Revision as of 20:31, 20 May 2010
, 20:31, 20 May 2010no edit summary
The paper examines UNE (Unbundled Network Element) local loop prices. The prices are regulated but the loops are owned by incumbents (monopolies). Regulators are implicitly directed by legislators, and incumbents and entrants provide campaign contributions to legislators. Incumbents and entrants have different ideal points in terms of prices, and they are modelled (implicitly) as playing a two-principal/single-agent game as in [[Baron 2001 - Theories of Strategic Nonmarket Participation | Baron (2001)]].
==Empirical model==
