| Budget Amount *help |
¥9,100,000 (Direct Cost: ¥7,000,000、Indirect Cost: ¥2,100,000)
Fiscal Year 2013: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2012: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2011: ¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
|
|---|
| Research Abstract |
This research considers license auctions whose outcome directly affects market structure, and analyzes a mechanism that maximizes social welfare. As a main result, I show that optimal entry is implemented through a handicap auction in which the newcomer's payment is discounted by a pre-determined fraction (if it wins). Moreover, the actual size of optimal handicap is calculated under different situations, and the robustness of these results are investigated.
|
