This study considers a mixed downstream market wherein a vertically-integrated public utility competes with a private firm that purchases inputs from an upstream firm under output subsidies. We construct an endogenous competition mode game and find that not only do pure Cournot and Bertrand...

The purpose of this study is to analyze two models of mixed oligopolies with a singe public firm who takes the extra care of attaining a social goal (reduction of environmental damage). We investigate the effect of such social performance management on the optimal privation policy in the mixed...