Yardstick Rules for Public Utilities with Vertical Structures

スポンサーリンク

概要

• 論文の詳細を見る

• The purpose of this paper is to examine the effectiveness of yardstick competition under alternative vertical structures in public-utility industries. In particular, the paper focuses on the relationship between its effectiveness and cost complementarities in the technologies of the constituent sectors of the industries. The paper shows that yardstick rules can implement the first-best allocation if public-utility industries are vertically integrated even with cost complementarities. In unbundling supply, however, the sequentiality of investment decisions among the constituent sectors requires the separability of cost complementarities from the private information each sector owns, in order for yardstick rules to achieve an optimal allocation.

• 日本地域学会の論文

著者

• MIZUNO KEIZO

  Social Science Course, Kyoto University of Education

• OKAMURA MAKOTO

  University of Florida, Graduate School of Economics, & Faculty of Economics, Tezukayama University

関連論文

• Yardstick Rules for Public Utilities with Vertical Structures

スポンサーリンク