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We study the optimal manipulation rules of a public firm’s objective function in a mixed duopoly with imperfect product substitutability. We compare the solutions under quantity and price competition, and the way in which they are affected by the degree of product substitutability. This...
Persistent link: https://www.econbiz.de/10009320954
This paper examines the interdependence of cross-ownership and level of privatization in case of differentiated products mixed duopoly. It shows that it is optimal for the private firm not to own any (own the entire) portion of the privatized share of its rival firm, if the level of...
Persistent link: https://www.econbiz.de/10008831586
In this paper we analyze the effects of international competition in a mixed oligopoly framework, with price competition and differentiated products. The properties of equilibria, and the impact of policy measures such as privatizations and cross-border acquisitions, are studied both in a...
Persistent link: https://www.econbiz.de/10008738773
We consider two differentiated products mixed markets, comprised of a state holding corporation (SHC) and private firms, which decide strategic corporate social responsibility (CSR) and merger between the multiple plants. In the model of managerial delegation, we show that the level of...
Persistent link: https://www.econbiz.de/10015215116
We examine both quantity and price competition between a number of profit-maximizing firms and a state-controlled enterprise (SCE). The objective function of the latter is strategically defined by a welfare-maximizing government which weighs the SCE’s profits relative to consumer surplus and...
Persistent link: https://www.econbiz.de/10015229909
This article formulates a mixed oligopoly in which a public firm competes with two private firms that may adopt corporate social responsibility (CSR). We investigate the optimal privatization policy and find that, depending on the magnitude of CSR, the optimality of either nationalization or...
Persistent link: https://www.econbiz.de/10015256438
We consider strategic trade and privatization policies in international bilateral mixed markets where a domestic state-owned enterprise competes with both domestic and foreign private enterprises in each country. We examine the strategic interaction of two countries’ optimal choices of...
Persistent link: https://www.econbiz.de/10015256793
In this introduction, we briefly overview the topics covered by the contributions included in this special issue which, from different angles, deal with the organization and governance of social economy enterprises. Three different approaches are taken by the contributions to the special issue:...
Persistent link: https://www.econbiz.de/10015256957
We consider strategic trade and privatization policies in international bilateral mixed markets where a domestic state-owned enterprise competes with both domestic and foreign private enterprises in each country. We examine the strategic interaction of two countries’ optimal choices of...
Persistent link: https://www.econbiz.de/10015259910
This paper discusses an oligopoly where firms exert negative externalities upon each other. A theoretical model is developed for a market where these externalities are particularly relevant: the intra-day credit market, which is crucial for the operation of an efficient payments system. A...
Persistent link: https://www.econbiz.de/10010284411