The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, wherea private firm competes in quantities with a welfare-maximizing public firm. We consider twoinefficiencies of the public sector: a possible cost inefficiency, and an allocative inefficiencydue to the...

This study investigates the relationship between the optimal privatization policy and the degree of common ownership among private firms by formulating a mixed oligopoly model in which one public firm competes against private firms under common ownership. We find that depending on the private...

This paper studies a public firm's incentive to raise its productive efficiency by undertaking cost-reducing R&D investment when it competes against a foreign private firm. Our focus is to ravel out how a decrease in an importing tariff levied on foreign goods affects this investment level inter...

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...

This paper analyzes the interaction between two political economy decisions by a government: whether to privatize a public firm and what environmental policy to choose (an environmental tax or an emission standard). We find that when market competition is weak the government does not privatize...

We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable, industry-profit maximizing and efficient. This...

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...

This study investigates the incentives for R&D output sharing in a mixed duopoly and shows that public firm chooses full sharing of their R&D output, whereas private firm enjoys free-riding. We then devise an agreement-based incentive R&D subsidy scheme, which can internalize R&D spillovers and...

This study investigates the timing of environmental policies in free-entry mixed markets with excess burden of taxation. We consider two scenarios in which the government chooses the optimal tax before or after firms enter the market, and compare these ex-ante and ex-post taxations. When the...

We generalize the results obtained by Braid (2008) and Beladi et al. (2014) for any non-negative, increasing, continuous function of distance as transportation cost function. By doing so, we show that in a duopoly, partial privatization does not change the socially optimal character of the Nash...