Capuano, Carlo; De Feo, Giuseppe - 2009
Abstract
The aim of this paper is to investigate the welfare e ect of a change in the public
rms objective function in … objective function in oligopoly3. Since we mainly refer to public utility
markets open to competition, we consider a mixed … represented by the introduction of the shadow
cost of public funds in the public rm’s objective function. That is, we assume that …
