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 - CHAP A1 - Fredebeul-Krein, Markus T1 - Die globale Finanzkrise: Ursachen und Bewältigung : Vortrag an der Georg-Simon-Ohm-Schule Köln, 2. Dezember 2008, Köln N2 - - Wie kam es zu der globalen Finanzkrise? - Wodurch zeichnet sich die Finanzkrise aus? - Wer hat die Finanzkrise verschuldet? - Welche Rolle spielten Spekulanten? - Inwiefern ist die Finanzkrise selbstverschuldet? - Ist die Globalisierung Schuld an den Finanzkrisen in zahlreichen Regionen dieser Welt? - Wie wirkt sich die Finanzkrise auf die Realwirtschaft aus? - Welche Wege bieten sich, aus der Krise herauszukommen? KW - Finanzkrise KW - Finanzkrise Y1 - 2008 ER - TY - BOOK A1 - Fredebeul-Krein, Markus T1 - Veränderte Anforderungen an eine europäische Standardisierungspolitik in der Telekommunikation Y1 - 1996 N1 - IWP-Diskussionspapier ; 96,2 CY - Köln ER - TY - BOOK A1 - Fredebeul-Krein, Markus T1 - Marktzutrittsregulierungen im Handwerk und bei technischen Dienstleistungen : eine ökonomische Analyse / Markus Fredebeul-Krein ; Angela Schürfeld Y1 - 1998 SN - 3-933812-00-3 N1 - Untersuchungen zur Wirtschaftspolitik ; 112 PB - Inst. für Wirtschaftspolitik an der Univ. Köln CY - Köln ER - TY - BOOK A1 - Fredebeul-Krein, Markus T1 - Die Regulierungspolitik auf dem Markt für Telekommunikationsdienste : nationale Gestaltung und internationale Regeln Y1 - 2000 SN - 3-933812-05-4 N1 - Untersuchungen zur Wirtschaftspolitik ; 117 ; Zugl: Köln, Univ., Diss., 1999 PB - Inst. für Wirtschaftspolitik CY - Köln ER - TY - BOOK A1 - Fredebeul-Krein, Markus T1 - Die Internationalisierung der Märkte für Telekommunikationsdienste. IZ-Erhebung 1999 Y1 - 1999 PB - Institut für Wirtschaftspolitik an der Universität Köln CY - Köln ER - TY - JOUR A1 - Fredebeul-Krein, Markus T1 - The case for a more binding WTO agreement on regulatory principles in telecommunication markets JF - Telecommunications policy. vol. 23 (1999), H. afl. 9 Y1 - 1999 SN - 0308-5961 SP - 625 EP - 644 ER - TY - JOUR A1 - Fredebeul-Krein, Markus T1 - Handels- und industriepolitische Eingriffe in die europäische Filmwirtschaft : eine ökonomische Analyse JF - Zeitschrift für Wirtschaftspolitik. 48 (1999), H. 1 Y1 - 1999 SN - 0721-3808 SP - 105 EP - 128 ER - TY - JOUR A1 - Fredebeul-Krein, Markus T1 - Das Universaldienstkonzept der Europäischen Union in der Telekommunikation JF - Wirtschaftsdienst. 78 (1998), H. 8 Y1 - 1998 SN - 0043-6275 SP - 461 EP - 467 ER - TY - JOUR A1 - Fredebeul-Krein, Markus T1 - Nationale Dienstleistungsmärkte im globalen Wettbewerb : notwendige Regulierungsreformen am Beispiel der Telekommunikation JF - Die Rolle des Staates in einer globalisierten Wirtschaft / hrsg. von Juergen B. Donges ... Mit Beitr. von Barbara Dluhosch Y1 - 1998 PB - Lucius & Lucius CY - Stuttgart ER -