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Price Competition in a Mixed Duopoly
Akira Ogawa,Kazuhiko Kato +1 more
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In this paper, the authors analyze sequential and simultaneous price setting under a mixed duopoly with homogeneous products and symmetric quadratic cost functions, and show that when the public firm is the follower, there exists the case that the equilibrium price is highest of all timings.Abstract:
We analyze sequential and simultaneous price setting under a mixed duopoly with homogeneous products and symmetric quadratic cost functions. When public firm is the follower, there exists the case that the equilibrium price is highest of all timings.read more
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Endogenous Timing in a Mixed Duopoly: Price Competition
TL;DR: In this paper, the endogenous order of moves in a mixed duopoly for differentiated goods is analyzed, where firms choose whether to set prices sequentially or simultaneously, and it is shown that, in contrast to the private duopoly where firms set prices separately, in the mixed Duopoly firms choose prices simultaneously.
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Comparing Bertrand and Cournot in mixed markets
Arghya Ghosh,Manipushpak Mitra +1 more
TL;DR: The authors revisited the classic comparison between Bertrand and Cournot outcomes in a mixed market with private and public firms and found that the results are often strikingly different and opposite to the ones obtained from a similar comparison in the standard setting with all profit-maximizing firms.
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Privatization: A Theoretical Treatment, Dieter Bös, Oxford Univ. Press, Oxford, 1991, ix + 315 pp., index, $65.00.
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Endogenous timing in a mixed oligopoly with semipublic firms
TL;DR: In this article, an endogenous order of moves is analyzed in a mixed market where a firm jointly owned by the public sector and private domestic shareholders (a semipublic firm) competes with n private firms, and it is shown that there is an equilibrium in which firms take production decisions simultaneously.
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Capacity Choice in a Mixed Duopoly under Price Competition
TL;DR: In this paper, the authors show that when firms compete on prices in a mixed duopoly, the public firm chooses overcapacity when products are substitutes and under-capacity when product are complements.
References
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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.
Posted Content
Privatization: A Theoretical Treatment
TL;DR: In this paper, the authors provide a comprehensive and thorough survey of arguments both for and against privatization, and examine the central issues of privatization such as why efficiency increases can be expected as a result of privatization, whether full privatization coupled with subsequent regulation is better than partial privatization with the government regulating from within the firm.
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On the existence of pure strategy Bertrand equilibrium
TL;DR: In this paper, the existence of pure strategy Nash equilibria in price competition in a homogeneous product market when costs are strictly convex is analyzed and it is shown that if output is demand determined such equilibrium always exists.
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Comparing Cournot and Bertrand in a Homogeneous Product Market
TL;DR: In this article, the results obtained by Vives in this connection are reconsidered in a homogeneous product market and it is shown that these results are sensitive to the market sharing rules which have the property of including the competitive equilibrium in the set of Bertrand equilibria.