This paper investigates the preference for the Stackelberg leader/follower roles in a mixed duopoly, where a welfare-maximizing public firm competes with a profit-maximizing private firm. In contrast to the well known relationship in a private duopoly, we demonstrate that if a firm's reaction...

This paper deals with the equilibria of games when the agents have multiple objectives and therefore, their utilities cannot be represented by a single value, but by a vector containing the various dimensions of the utility. Our approach is based on the incorporation into the model of...

Do firms seek to make the market transparent,or do they confuse the consumers in their product perceptions? We show that the answer to this question depends decisively on preference heterogeneity. Contrary to the well-studied case of homogeneous goods, confusion is not necessarily an equilibrium...