CAJ | 학술논문

本文研究非对称规制政策对网络产业的影响。文中基于Ericson-Pakes动态分析框架，构建包含网络效应与非对称规制税的动态博弈模型，并利用Pakes-McGuire算法与逆向递归法求解其马尔科夫精炼均衡。数值实验表明，网络产业存在两类基本均衡：分享均衡与倾翻均衡。其中，分享均衡的市场竞争较为温和；倾翻均衡中，企业市场势力相近时存在激烈的价格战，存在“滚雪球”现象。非对称规制会削弱企业进行价格战的动机，减轻市场倾翻。但规制亦会减弱企业的投资性定价激励，导致市场平均价格上升，市场效率降低。由于网络产业中市场需求缺乏弹性，非对称规制政策的实施成本主要由消费者而非企业承担。
본문연구비대칭규제정책대망락산업적영향。문중기우Ericson-Pakes동태분석광가，구건포함망락효응여비대칭규제세적동태박혁모형，병이용Pakes-McGuire산법여역향체귀법구해기마이과부정련균형。수치실험표명，망락산업존재량류기본균형：분향균형여경번균형。기중，분향균형적시장경쟁교위온화；경번균형중，기업시장세력상근시존재격렬적개격전，존재“곤설구”현상。비대칭규제회삭약기업진행개격전적동궤，감경시장경번。단규제역회감약기업적투자성정개격려，도치시장평균개격상승，시장효솔강저。유우망락산업중시장수구결핍탄성，비대칭규제정책적실시성본주요유소비자이비기업승담。
This article studies the influence of non-symmetrical regulation policy on network industry. Basing on Ericson-Pakes Framework, a dynamic model of network industry which includes the non-symmetrical regulation tax is constructed and solved by Pakes-McGuire and Backward Recursion Methods. Numerical simulation found two kind of equilibrium: Sharing Equilibrium and Tipping Equilibrium. In Sharing Equilibrium, there is only mild competition. In Tipping Equilibrium, there are intense price war while both firms own market power, tend to form a snow-balling phenomenon. Non-symmetrical regulation policy will weaken the intention of ifrms to competent for market dominance. However, it will also weaken the investment pricing intention, result in average price increasing and lower market efifciency. Because in-elastic demand of consumers, regulation cost is not mainly undertaken by ifrms, but by consumers.