?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F34925%2F&rft.title=Horizontal+cooperation+on+investment%3A+Evidence+from+mobile+network+sharing&rft.creator=Cojoc%2C+Anca&rft.creator=Ivaldi%2C+Marc&rft.creator=Maier-Rigaud%2C+Frank+P.&rft.creator=M%C3%A4rz%2C+Oliver&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=We+present+a+structural+model+to+investigate+the+effects+of+horizontal+cooperation+on+investment+in+the+context+of+telecommunication+networks.+More+specifically%2C+we+estimate+the+effect+of+network+sharing+in+the+mobile+telecommunications+industry+on+prices%2C+network+quality+and+consumer+welfare.+The+presented+framework+allows+estimating+the+effects+of+different+types+of+sharing+agreements+including+common+ownership+of+shared+assets+in+a+joint+venture+company+or+collaboration+via+geographical+separation+(geo-split+principle).+The+proposed+identification+strategy+relies+on+differences+in+the+costs+of+network+deployment+of+shared+versus+non-shared+network+infrastructure%2C+with+different+costs+affecting+operators%E2%80%99+optimal+choice+of+price+and+network+quality.+We+apply+the+structural+model+to+estimate+the+effects+of+a+network+sharing+agreement+in+the+Czech+Republic%2C+using+a+combination+of+unique+datasets+on+prices%2C+network+quality+measured+as+average+download+speed+and+operator%E2%80%99s+costs+of+network+deployment.+The+results+of+our+model+indicate+that+horizontal+cooperation+on+investments+may+be+beneficial+for+consumers.+Specifically%2C+the+network+sharing+agreement+under+study+generated+cost+savings+for+the+sharing+parties%2C+which+were+passed-on+to+consumers+in+the+form+of+lower+prices+and+higher+average+download+speed.+Our+findings+are+of+relevance+to+the+assessment+of+network+sharing+agreements%2C+which%2C+considering+the+substantial+investment+cost+associated+with+the+5G+technology%2C+are+likely+to+play+an+even+greater+role+in+the+telecommunications+industry+in+the+future.+The+findings+are+also+of+relevance+to+the+general+literature+on+horizontal+cooperation+on+investments.&rft.publisher=TSE+Working+Paper&rft.date=2020-05&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F34925%2F1%2Fwp_tse_1100.pdf&rft.identifier=++Cojoc%2C+Anca%2C+Ivaldi%2C+Marc+%3Chttps%3A%2F%2Fwww.idref.fr%2F058494375%3E%2C+Maier-Rigaud%2C+Frank+P.+and+M%C3%A4rz%2C+Oliver++(2020)+Horizontal+cooperation+on+investment%3A+Evidence+from+mobile+network+sharing.++TSE+Working+Paper%2C+n.+20-1100%2C+Toulouse+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F124252&rft.language=en