Mixed oligopoly, subsidization and the order of firm's moves: the relevance of privatization

被引:67
作者
Fjell, K
Heywood, JS
机构
[1] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA
[2] Norwegian Sch Econ & Business Adm, Bergen, Norway
关键词
mixed oligopoly; subsidy; privatization;
D O I
10.1016/j.econlet.2003.12.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
A series of previous papers demonstrate that there are no consequences from privatization in a mixed oligopoly when the government uses a subsidy to ensure first best. This conclusion depends upon the assumption that privatization results in a simultaneous move oligopoly. If instead privatization results in a public leader becoming a private leader, the optimal subsidy, output and welfare are all reduced. (C) 2004 Elsevier B.V. All rights reserved.
引用
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页码:411 / 416
页数:6
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