Optimal partial privatization in mixed oligopoly: a geometric approach

In homogenous mixed oligopoly neither full nationalization nor full privatization is optimal under moderate conditions. This paper provides an intuitive geometric explanation to the result by means of best-response functions and iso-social-surplus curves. It is also shown that the optimal degree of partial privatization can easily be derived from the explanation.

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Year of publication:	2013-12-23
Authors:	Takami, Hiroyuki ; Nakamura, Tamotsu
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 33.2013, 4, p. 2958-2967
Publisher:	AccessEcon
Subject:	Mixed oligopoly \| Partial privatization \| Geometric approach

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Extent:	application/pdf
Type of publication:	Article
Classification:	L1 - Market Structure, Firm Strategy, and Market Performance ; C7 - Game Theory and Bargaining Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010726680