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Mixed duopoly, inefficiency, and public ownership
Kenneth George,Manfredi La Manna +1 more
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This paper showed that partial public ownership may be welfare-improving, if the public firm acts is Stackelberg leader and if the private firm's marginal cost is private information a simple transfer function is truth-eliciting.Abstract:
If a publicly-owned firm has a higher marginal cost than a private firm, partial public ownership may be welfare-improving, if the public firm acts is Stackelberg leader. If the private firm's marginal cost is private information a simple transfer function is truth-eliciting. If the stock market is efficient, the cost of renationalization is “small”.read more
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Mixed Oligopoly, Privatization, and Strategic Trade Policy
Debashis Pal,Mark D. White +1 more
TL;DR: In this article, the authors investigated the effects of privatization in the presence of strategic trade policies within an international mixed oligopoly serving a single market, where the government chooses the optimal level of tariff or subsidy to maximize domestic welfare.
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Optimal Trade and Privatization Policies in an International Duopoly with Cost Asymmetry
TL;DR: In this article, the authors examined the optimal trade and privatization policies in a mixed duopoly in which a pubic home firm competes with a more efficient foreign firm and showed that the optimal level of privatization depends crucially upon the strategic substitutability-complementarity assumption.
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Public and Private Provision of Health Care
TL;DR: Competition is influenced by the status of providers as in-plan or out-of-plan care providers, and normative conclusions on how price controls should be implemented in some European Union member states are derived.
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Mixed Duopoly with Product Differentiation: Sequential Choice of Location
TL;DR: In this paper, the authors investigate the sequential choice of location in a mixed duopoly, where a welfare-maximising public firm competes against a profit maximising private firm.
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Mixed oligopoly, optimal privatization, and foreign penetration☆
Leonard F.S. Wang,Tai-Liang Chen +1 more
TL;DR: In this paper, the impact of foreign penetration on privatization in a mixed oligopolistic market was examined and it was shown that government should increase the degree of privatization along with increasing proportion of domestic ownership of multinational firms.
References
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Book
Privatization: An Economic Analysis
John Vickers,George Yarrow +1 more
TL;DR: The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy as mentioned in this paper.
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Privatization: An Economic Analysis
John Vickers,George Yarrow +1 more
TL;DR: The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy.
Journal ArticleDOI
Alternative strategies of a public enterprise in oligopoly
Giovanni De Fraja,Flavio Delbono +1 more
TL;DR: In this article, the optimal behavior of a public firm in a market where there are also n private firms is studied. And the optimal strategy of a welfare maximizing firm is to act as if it wanted to maximize its profit.
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Privatization in theory and practice
TL;DR: In this article, the authors examine the theoretical and empirical case for private versus public ownership and examine the benefits of privatisation in terms of improved performance by firms such as National Freight Corporation and Cable and Wireless which operate in a relatively competitive environment.
Journal ArticleDOI
Game theoretic models of mixed oligopoly
Giovanni De Fraja,Flavio Delbono +1 more
TL;DR: In this article, the authors review various models that have been proposed for the study of mixed oligopoly, that is markets in which private and public firms compete on equal basis using only market instruments.