Undesirable competition

We show that the entry of private profit-maximising firms makes the consumers worse off compared to having a nationalised monopoly. Such entry increases the nationalised firm’s profit, industry profit, and social welfare, at the expense of the consumers. Our result is important for competition policy.

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Year of publication:	2012
Authors:	Wang, Leonard F.S. ; Mukherjee, Arijit
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 2, p. 175-177
Publisher:	Elsevier
Subject:	Competition \| Consumer surplus \| Nationalised firm

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Type of publication:	Article
Classification:	L32 - Public Enterprises ; L44 - Antitrust Policy and Public Enterprise Nonprofit Institutions, and Professional Organizations ; L13 - Oligopoly and Other Imperfect Markets ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; H00 - Public Economics. General ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010576440