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Pricing Third-Party Access to Essential Facilities under Asymmetric Information

조명환|양석
한국경제학회 (The Korean Economic Association)|2024.07|The Korean Economic Review|제40권 제2호|pp. 315-348|DOI 10.22841/kerdoi.2024.40.2.004

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참고문헌

키워드

필수설비Asymmetric information비대칭적 정보Third-party accessEssential facility제3자 접속
주제분류경제학

초록

We investigate a market wherein a dominant firm owns an essential facility and other firms use this facility by paying an access fee. Loss in social welfare occurs regardless of whether the cost of operating the essential facility is public or private information to the dominant firm. The government can improve social welfare by regulating the access fee, but it has limitations in improving social welfare when the cost of operating the essential facility is private information to the dominant firm. An appropriate tax-subsidy scheme can resolve the limitations by inducing the dominant firm to disclose its private information completely.

Abstract

We investigate a market wherein a dominant firm owns an essential facility and other firms use this facility by paying an access fee. Loss in social welfare occurs regardless of whether the cost of operating the essential facility is public or private information to the dominant firm. The government can improve social welfare by regulating the access fee, but it has limitations in improving social welfare when the cost of operating the essential facility is private information to the dominant firm. An appropriate tax-subsidy scheme can resolve the limitations by inducing the dominant firm to disclose its private information completely.

참고문헌 (34)

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