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このアイテムへのリンクには次のURLをご利用ください: https://doi.org/10.15057/26976
このアイテムへのリンクには次のURLをご利用ください: https://hdl.handle.net/10086/26976

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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
Kyusyu Sangyo 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
Hitotsubashi University
Issued Date
2014-10
Language
英語(eng)
Resource Type
departmental bulletin paper（紀要論文）
Version Type
VoR
selfDOI
10.15057/26976
ISSN
0018-2796
NCID
AA00207536
Source Title
Hitotsubashi journal of commerce and management
Volume Number
48
Issue Number
1
Page Start
31
Page End
42
Appears in Collections
Vol. 48, no. 1 (Oct. 2014)
URL
https://hdl.handle.net/10086/26976