Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result

In the presence of output subsidization, the optimal output subsidy is identical and profits, output and social welfare are also identical irrespective of whether (i)a public firm moves simultaneously with n private firms or (ii) it acts as a Stackelberg leader or (iii) all firms, public and private, behave as profit-maximizers.

MoreLess

Year of publication:	2001
Authors:	Poyago-Theotoky, Joanna
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 12.2001, 3, p. 1-5
Publisher:	AccessEcon
Subject:	mixed oligopoly

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	L3 - Nonprofit Organizations and Public Enterprise ; L1 - Market Structure, Firm Strategy, and Market Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005110659