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Identifier to cite or link to this item: https://hdl.handle.net/10086/25897

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Title
Yardstick Competition and Franchise Bidding: A Comparative Analysis based on Asymmetric Information
Creator
Creator Name
HARADA, Shumpei HARADA, Shumpei
原田, 峻平 原田, 峻平
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
YAMAUCHI, Hirotaka YAMAUCHI, Hirotaka
山内, 弘隆 山内, 弘隆
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
yardstick competition
franchise bidding
asymmetric information
hidden action
hidden information
Abstract
In order to improve the country’s monopolistic environment, the Japanese government took several deregulation measures during the last decade. However, industrial monopolies remain regionally; some new mechanism has therefore become necessary to induce the regional monopoly firms improve the situation. In this paper, we focus on two mechanisms, “yardstick competition” and “franchise bidding,” which are often used to control the monopolistic behavior of firms, and compare the functionalities of the mechanisms based on asymmetric information. We conclude that franchise bidding is more desirable than yardstick competition in controlling the monopoly behavior of firms in the Japanese regional public utility industries.
Publisher
Graduate School of Commerce and Management, Hitotsubashi University
Issued Date
2013-09
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Working paper ; No. 143
Number of Pages
14
Appears in Collections
Working Paper / School of Business Administration, Hitotsubashi University Business School
URL
https://hdl.handle.net/10086/25897