Privatization policy in mixed oligopoly markets

2019 Fiscal Year Final Research Report

• Project/Area Number: 19K20904
• Project/Area Number (Other): 18H05707 (2018)
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Multi-year Fund (2019); Single-year Grants (2018)
• Review Section: 0107:Economics, business administration, and related fields
• Research Institution: Kanagawa University
• Principal Investigator: Haraguchi Junichi 神奈川大学, 経済学部, 助教 (40827929)
• Project Period (FY): 2018-08-24 – 2020-03-31
• Keywords: 混合寡占 / 公企業 / 民営化

Outline of Final Research Achievements

Oligopoly markets with public enterprises are called mixed oligopoly markets. In this study, the privatization policy in the mixed market is examined.
(1)Asymmetry in productivity among private firms affects the intensity of competition in product markets. In this study, how the asymmetry among private firms affects the privatization policy was discussed.
(2)Public firms are often privatized gradually in the real world. The public firms may be privatized in response to the change in the competitive environment. The competitive intensity in the market is affected by private firms’decision such as entry or technology transfer among firms. In this study, the relationship between the privatization policy and the private firms’decision making was examined.

Free Research Field

産業組織論

Academic Significance and Societal Importance of the Research Achievements

本研究を通し、寡占市場での民営化政策に関しいくつか理論的な含意を得た。また、民営化政策が企業の参入や技術移転の意思決定に与える影響を明らかにした。
(1)市場の競争の程度に応じて公企業をどの程度民営化すべきかという問題は、民営化政策を考える上で重要である。既存研究では重視されなかった私企業間の非対称性が競争の程度に与える影響を明示的に扱い民営化政策への含意を得た。
(2)市場に公企業が存在し民営化の可能性がある場合に、企業の参入や技術移転の意思決定がこうした将来の民営化政策を見越して行われることを示し、民営化政策が企業の意思決定に影響する可能性を明らかにした。