Showing 1 - 10 of 129
We introduce managerial delegation into Pal's (1998) model and examine the impact of the introduction of managerial delegation on endogenous timing in a mixed duopolistic model for differentiated goods. We show that a public firm and a private firm choose quantities sequentially in the...
Persistent link: https://www.econbiz.de/10010836257
This paper studies capacity choice in a mixed duopoly with differentiated goods under quantity competition and price competition, taking into account the separation between ownership and management. In this paper, we show that in equilibrium, under quantity competition, both the public firm and...
Persistent link: https://www.econbiz.de/10008562879
We introduce managerial delegation into Pal's (1998) model and examine the impact of the introduction of managerial delegation on endogenous timing in a mixed duopolistic model for differentiated goods. We show that a public firm and a private firm choose quantities sequentially in the...
Persistent link: https://www.econbiz.de/10005181867
This paper analyzes a mixed duopoly in which a public firm and a (possibly partially) foreign-owned firm choose their capacity scales before competing in quantities. We show that the private firm chooses over-capacity, as in previous literature, except if it is completely foreign-owned. In this...
Persistent link: https://www.econbiz.de/10011278796
This paper analyzes mergers incentives in an asymmetric mixed oligopoly consisting of two identical private firms and one public firm. It is shown that when there is a technological gap between the public and private firms, both of them will want to merge when the public firm is inefficient and...
Persistent link: https://www.econbiz.de/10011249520
I investigate an innovative interaction before a market competition in a mixed duopoly, where a state-owned firm and a private firm compete with each other. I find that although it reduces the effort level of the state-owned firm, an agency problem can improve the expected social welfare in some...
Persistent link: https://www.econbiz.de/10010835769
We analyze sequential and simultaneous price setting under a mixed duopoly with homogeneous products and symmetric quadratic cost functions. When public firm is the follower, there exists the case that the equilibrium price is highest of all timings.
Persistent link: https://www.econbiz.de/10010835807
The paper considers a cost-reducing investment by the public sector. We compare the investment in the public monopoly to that in the mixed oligopoly. Without specifications of the demand and cost functions, we show that the investment in the public monopoly is higher thanthat in the mixed...
Persistent link: https://www.econbiz.de/10010835845
It has long been argued that faith-inspired health facilities serve the poor in priority in sub-Saharan Africa, in part by being located in remote and poor areas where the reach of government services may remain limited. Unfortunately, proper empirical evidence to back up such claims is rarely...
Persistent link: https://www.econbiz.de/10010835850
In a mixed oligopoly, when the public leader becomes a private leader and the government provides output subsidies, then privatization causes the optimal subsidy, profits and welfare to fall [Economics Letters 83 (2004) 411]. We show instead that if the leader and the followers receive...
Persistent link: https://www.econbiz.de/10010836200