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SUMMARY:Regulation and Service Provision in Dynamic Oligopoly: Evidence fr
 om Mobile Telecommunications - Dr Joao Granja\, University College London
DTSTART:20241113T150000Z
DTEND:20241113T160000Z
UID:TALK225337@talks.cam.ac.uk
CONTACT:Emily Brown
DESCRIPTION:I study the effect of universal service regulation on the roll
 -out of new mobile telecommunications technologies by oligopolistic servic
 e providers. To this end\, I develop a non-stationary dynamic game of entr
 y and technology upgrade under regulation\, which I estimate using new pan
 el data on mobile technology availability in Brazilian municipalities.\n\n
 I find that the regulation accelerated the introduction of 3G technology t
 o a set of mostly rural municipalities by just under two years\, on averag
 e\, and reduced firms’ aggregate profits by 14.6%. Due to its asymmetric
  nature\, the regulation can act as a commitment device and deter entry an
 d technology upgrade\, and the probability it does so is non-negligible.\n
 \nA subsidy auction leads to a similar acceleration of 3G introduction and
  reduces the regulatory cost by 57%\, likely increasing aggregate welfare.
 \n\nPlease note\, all our research seminars can be found on the CJBS websi
 te:\n"CJBS Research Seminars":https://www.jbs.cam.ac.uk/events/?term=&cate
 gory=+3263&audience=&location=&date=&pagination=1
LOCATION:CTR\, Cambridge Judge Business School
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