TOMARU, YOSHIHIRO; SAITO, MASAYUKI - In: Manchester School 78 (2010) 1, pp. 41-59
This is the first paper to consider the endogenous timing in mixed duopoly with subsidization. Pal (Economics Letters, Vol. 61 (1998), pp. 181-185) shows that private leadership is always an equilibrium outcome in a mixed duopoly without any subsidy. By including the production subsidy, we...