| Budget Amount *help |
¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2010: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Research Abstract |
In our project, we developed a structural auction model and quantitatively examined the effects of policy measures to enhance competition in the retail power market of Japan. We used a theoretical model with asymmetricities between an incumbent and new entrants in both cost distributions and information structure, where the incumbent's cost is assumed to be common knowledge, and empirically estimated the structural parameters characterizing their cost distributions using public power procurement data.
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