Privatization neutrality theorem revisited

Fjell and Heywood (2004) show that privatization is not necessarily welfare neutral in mixed oligopolies under a production subsidy if firms move sequentially. We find that the neutrality holds for any time structure if instead an output floor is introduced.

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Year of publication:	2013
Authors:	Matsumura, Toshihiro ; Okumura, Yasunori
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 2, p. 324-326
Publisher:	Elsevier
Subject:	Minimum quantity regulation \| Mixed oligopolies \| Stackelberg \| Cournot \| Irrelevance results

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Type of publication:	Article
Classification:	H42 - Publicly Provided Private Goods ; L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010608094