Choi, Kangsik - In: Economics Bulletin 12 (2007) 32, pp. 1-4
If the public and private firm have mixed motives about payoff in a simultaneous-move game, Choi (2006) analyzes that the resulting equilibrium turns out to be an inefficient level with the monopoly of private firm even if there are Nash equilibria. However, we find that if we use equilibrium...