and price competition in a duopoly with differentiated products. By allowing for partially privatizing a state …-controlled firm, we explore competition under different timings of firms’ moves and derive the conditions under which an optimal … optimal subsidy to restore the first-best allocation, irrespective of the mode of competition. The paper also focuses on the …

to model Strategie price competition between the rivals in a product market, we can fiirthermore show that the need for …

This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition …, that this result extends to price competition with differentiated products. …