Reconsideration of Mixed Oligopoly under Vertical Structure (Part 2)

DOI

Bibliographic Information

Other Title
  • 垂直的構造下における混合寡占再考（その2）
  • ―From the Perspective of a Phased Privatization Approach―
  • ―段階的民営化アプローチの観点から―

Abstract

<p>　One of the greatest achievements of former Prime Minister Yasuhiro Nakasone, who died on November 29, 2019, is the privatization of national railways. In this paper, we analyze this deregulation based on the "mixed oligopoly" model developed by Hokari (2019b), using the "phased privatization" approach of Hokari (2019a). In contrast to the division of national railways in Japan, which is characterized by horizontal separation, vertical separation was carried out in the railway reforms of Britain and the Nordic countries. We reconfirm that such vertical separation and prioritizing privatization from the downstream part are preferable measures for privatizing vertically integrated public enterprises. However, it was also shown that the merits of privatization cannot be enjoyed immediately after privatization, as investment in cost reduction cannot be expected immediately. From this, it became clear that sufficient time is required to judge the success or failure of privatization. In the future, it is expected that the above results will be compared and verified with the effects of privatization by horizontal separation seen in Japan's national railway reforms.</p>

Journal

  • Produetion Management

    Produetion Management 27 (2), 95-100, 2020

    Japan Society for Production Management

Keywords

Details 詳細情報について

  • CRID
    1390016958305239680
  • DOI
    10.14846/seisankanri.27.2_95
  • ISSN
    21866120
    1341528X
  • Text Lang
    ja
  • Data Source
    • JaLC
  • Abstract License Flag
    Allowed

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