2013 Fiscal Year Final Research Report
Analysis of vertical restraints by platforms
| Project/Area Number |
24730196
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Applied economics
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| Research Institution | Nihon University |
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Principal Investigator |
OKI Ryoko 日本大学, 商学部, 助教 (20612493)
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| Project Period (FY) |
2012-04-01 – 2014-03-31
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| Keywords | 競争政策 / 法と経済学 |
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| Research Abstract |
This study investigates competition in downstream distributors which have platform characteristics such as online market place and performance rights organizations. Particularly, I consider competition between platforms with potential entrants and effect of vertical restraints. I analyze economic models based on actual antitrust cases. Especially, we consider the entry-blocking effect of fixed-fee pricing by incumbents, We show that factors blocking entry include not only the fixed-fee used by the incumbent downstream firm but also the fact that the incumbent already has a good to sell. Therefore, even if the fixed-fee is restricted and the incumbent is forced to adopt unit pricing, it is possible that entry would still not occur. Moreover, such a restriction may have a welfare decreasing effect, even if it promotes entry. This result has an important implication for JASRAC v. JTFC Case and related cases.
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