Oligopole mixte dans un marché commun
AbstractWe consider a "continental" mixed oligopoly in which public firms maximize national surplus. In the unique Cournot-Nash equilibrium the countries with a public firm are net exporters and the price lies above the constant marginal cost. Moreover the objective of the public firms may be expressed uniquely in terms of exports. Nationalization, privatization, and creation of a public firm may increase the continental and national welfare under some conditions on the industry structure which we explicitly determine.
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Bibliographic InfoArticle provided by ENSAE in its journal Annals of Economics and Statistics.
Volume (Year): (1994)
Issue (Month): 33 ()
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