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A general model of Cournot mixed oligopoly with partial privatization of a public firm is formulated, and the existence … and stability of a unique equilibrium and optimality of partial privatization are proved under fundamental assumptions …, and is specified for Cournot mixed duopoly with partial privatization. The stability condition is also compared with the …
Persistent link: https://www.econbiz.de/10010938262
Neither full nationalization nor full privatization is optimal under moderate conditions in homogenous mixed oligopoly … determined by Nash bargaining between the private sector and the public sector. Although partial privatization is optimal for … both cases, the optimal degree of partial privatization is different. It is smaller with bargaining than without bargaining. …
Persistent link: https://www.econbiz.de/10011208953
In this paper we introduce product demand uncertainty in a mixed oligopoly model and reexamine the nature of sub … SPNE is possible. Whether the equilibrium outcome is public or private leadership hinges upon the degree of privatization … known in real option theory. …
Persistent link: https://www.econbiz.de/10005086871
In this paper we introduce product demand uncertainty in a mixed oligopoly model and reexamine the nature of sub … privatization and market volatility. More importantly, Pareto-inefficient simultaneous production is a likely SPNE. Our results are … known in real option theory. …
Persistent link: https://www.econbiz.de/10005260128
substitutability. We compare the solutions under quantity and price competition, and the way in which they are affected by the degree of … product substitutability. This allows us to show that partial privatization, strategic delegation and other specific government … evaluate the viability of these policies under the two modes of competition. In this framework, we also discuss the equivalence …
Persistent link: https://www.econbiz.de/10009320954
In homogenous mixed oligopoly neither full nationalization nor full privatization is optimal under moderate conditions …-social-surplus curves. It is also shown that the optimal degree of partial privatization can easily be derived from the explanation. …
Persistent link: https://www.econbiz.de/10010726680
competition, and the way they are affected by product substitutability. This allows us to show that partial privatization …We study the optimal manipulation rules of a public firm’s objective function in a mixed oligopoly with imperfect … competition. In this framework, we also discuss the equivalence between manipulation of the objective function and Stackelberg …
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