TY - CHAP A1 - Fredebeul-Krein, Markus T1 - Encouraging competition and investment into next generation access networks: The case of long term risk sharing contracts N2 - Working paper distributed at 2nd Annual Next Generation Telecommunications Conference 2009, 13th – 14th October 2009, Brussels 14 pages Abstract Governments all over Europe are in the process of adopting new broadband strategies. The objective is to create modern telecommunications networks based on powerful broadband infrastructures". In doing so, they aim for innovative and investment-friendly concepts. For instance, in a recently published consultation paper on the subject the German regulator BNetzA declared that it will take “greater account of … reducing risks, securing the investment and innovation power, providing planning certainty and transparency – in order to support and advance broadband rollout in Germany”. It further states that when regulating wholesale rates it has to be ensured that “… adequate incentives for network rollout are provided on the one hand, while sustainable and fair competition is ensured on the other”. Also an EC draft recommendation on regulated network access is about to set new standards for the regulation of next generation access networks. According to the recommendation the prices of new assets shall be based on costs plus a projectspecific risk premium to be included in the costs of capital for the investment risk incurred by the operator. This approach has been criticised from various sides. In particular it has been questioned whether such an approach is adequate to meet the objectives of encouraging both competition and investment into next generation access networks. Against this background, the concept of “long term risk sharing contracts” has been proposed recently as an approach which does not only incorporate the various additional risks involved in the deployment of NGA infrastructure, but has several other advantages. This paper will demonstrate that the concept allows for competition to evolve at both the retail and wholesale level on fair, objective, non-discriminatory and transparent terms and conditions. Moreover, it ensures the highest possible investment incentive in line with socially desirable outcome. The paper is organised as follows: The next section will briefly outline the importance of encouraging competition and investment in an NGA-environment. The third section will specify the design of long term risk sharing contracts in view of achieving these objectives. The fourth section will examine potential problems associated with the concept. In doing so a way of how to deal with them will be elaborated. The last section will look at arguments against long term risk sharing contracts. It will be shown that these arguments are not strong enough to build a case against introducing such contracts. KW - Electronic Commerce KW - Breitband Markt KW - Regulierung KW - Internet KW - Bundesnetzagentur KW - broadband market KW - regulation KW - Internet KW - next generation access networks KW - risk sharing Y1 - 2009 ER - TY - BOOK A1 - Tietze, Jürgen T1 - Übungsbuch zur angewandten Wirtschaftsmathematik : Aufgaben, Testklausuren und Lösungen. - 7., aktualisierte Aufl. Y1 - 2009 SN - 978-3-8348-0512-6 N1 - Erg. zu: Tietze, Jürgen: Einführung in die angewandte Wirtschaftsmathematik PB - Vieweg + Teubner CY - Wiesbaden ER - TY - BOOK A1 - Pietsch, Wolfram A1 - Herzwurm, Georg T1 - Management von IT-Produkten : Geschäftsmodelle, Leitlinien und Werkzeugkasten für softwareintensive Systeme und Dienstleistungen / Herzwurm, Georg ; Pietsch, Wolfram Y1 - 2009 SN - 978-3-89864-562-1 PB - Dpunkt-Verl CY - Heidelberg ER - TY - JOUR A1 - Balzer, Hermann A1 - Brankmann, Heinrich A1 - Brinker, Bernd A1 - Dehlke, Dieter T1 - Kapitalstrukturpolitik und Kapitalgeberinteressen : Ergebnisse einer explorativen Befragung von Vertretern börsennotierter Unternehmen in Deutschland / Arbeitskreis „Finanzierung“ der Schmalenbach-Gesellschaft für Betriebswirtschaft e.V. / Balzer, Hermann JF - Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung : Zfbf. 61 (2009), H. 3 Y1 - 2009 SN - 0341-2687 N1 - Ausgabe Mai 2009 ; unter Mitarbeit von Hermann Balzer SP - 323 EP - 354 PB - Springer Gabler CY - Wiesbaden ER - TY - BOOK A1 - Weigand, Christoph T1 - Statistik mit und ohne Zufall : Eine anwendungsorientierte Einführung . 2. Aufl. Y1 - 2009 SN - 978-3-7908-2346-2 N1 - Lösungen zu den Übungen (frei zugänglich): https://www.fh-aachen.de/menschen/weigand/lehrbuch PB - Physica-Verlag CY - Heidelberg ER - TY - JOUR A1 - Weigand, Christoph T1 - Defining Precisions for Reliable Measurement and Estimation Procedures JF - Economic Quality Control. 24 (2009), H. 1 Y1 - 2009 SN - 0940-5151 SP - 5 EP - 33 PB - De Gruyter CY - Berlin ER - TY - BOOK A1 - Schneider, Bettina A1 - Schneider, Wilhelm T1 - Jahresabschluss und Jahresabschlussanalyse : systematische Darstellung in Übersichten. 4. Aufl., Studienausg. Y1 - 2009 SN - 978-3-86955-125-8 N1 - Reihe Betriebswirtschaftslehre in Übersichten ; 2 PB - Cuvillier CY - Göttingen ER - TY - JOUR A1 - Mischke, Winfried T1 - Kurzkommentierung der §§ 433, 436, 446 - 453, 474 - 479 BGB JF - LexisNexis : Elektronische Ressource / Recht (2009) Y1 - 2009 ER - TY - BOOK A1 - Tietze, Jürgen T1 - Einführung in die Finanzmathematik : klassische Verfahren und neuere Entwicklungen: Effektivzins- und Renditeberechnung, Investitionsrechnung, derivative Finanzinstrumente ; mit über 500 Übungsaufgaben / Jürgen Tietze. 9., überarb. Aufl. Y1 - 2009 SN - 978-3-8348-0467-9 PB - Vieweg + Teubner CY - Wiesbaden ER - TY - JOUR A1 - Timme, Michael T1 - Schadensersatzpflicht des Vermieters bei vorgetäuschtem Eigenbedarf und freiwilligem Auszug des Mieters JF - Monatsschrift für deutsches Recht : MdR ; Zeitschrift für die Zivilrechts-Praxis. 29 (2009), H. 14 Y1 - 2009 SN - 0340-1812 SP - 777 EP - 778 ER -