This paper considers a delegation game between one multi-input firm and one single-input firm engaging in Cournot competition in the downstream market. Both firms purchase a standard input from a core input supplier, and the multi-input firm also needs a supplementary input provided by an...

State ownership is increasingly positioned as a policy tool for governments towards strategic autonomy and sustainability transition. A possible side effect is the creation or strengthening of dominant state-owned enterprises (SOEs), which theory suggests may engage in exclusionary (predatory)...