This paper examines a different way of privatization from existing literature. In a mixed duopoly Hotelling type model in which the public firm consists of multi-subsidiaries, instead of privatizing the public firm as its entirety, the government may privatize only one of the subsidiaries (for...

This paper is the first to investigate an alternative approach of privatization: privatizing only a subsidiary of a public firm. In a mixed duopoly model, instead of assuming that a public firm is privatized in its entirety by selling a portion of the firm's stocks to private investors (entirety...

Existing literature on mixed oligopoly focuses on competition among different types of firms but ignores their possible cooperation. We allow cooperation between public firm and private firm through subcontracting in a Hotelling mixed duopoly model. We find that when subcontracting is possible,...

We compare the welfare results of mixed duopoly model where a firm can be private, public or partial-delegated-public. We consider two types of partial-delegated-public firms. In partial- delegated-public with location delegation, the firm chooses location to maximize its profit while the social...

We consider a Hotelling model, in which a public firm competes with a foreign firm, at the mean time cooperates with it through subcontracting. We find that when there exists subcontracting, the presence of a foreign firm raises social welfare. Comparing to competing with the domestic private...