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Public monopoly, mixed oligopoly and productive efficiency: a generalization

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Author Info
Susumu Cato () (Graduate School of Economics, The University of Tokyo)
Abstract

The paper considers a cost-reducing investment by the public sector. We compare the investment in the public monopoly to that in the mixed oligopoly. Without specifications of the demand and cost functions, we show that the investment in the public monopoly is higher thanthat in the mixed oligopoly. Our result is a generalization of the result of Nishimori and Ogawa (2002), which investigate the effects of deregulation on the public sector's investment by assuming the linear demand and linear cost functions.

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File URL: http://economicsbulletin.vanderbilt.edu/2008/volume12/EB-08L30003A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 12 (2008)
Issue (Month): 24 ()
Pages: 1-7
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:12:y:2008:i:24:p:1-7

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Related research
Keywords: state-owned public firm; mixed oligopoly; generalization; cost-reducing investment; public monopoly;

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Find related papers by JEL classification:
L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
L0 - Industrial Organization - - General

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Willner, Johan, 2001. "Ownership, efficiency, and political interference," European Journal of Political Economy, Elsevier, vol. 17(4), pages 723-748, November. [Downloadable!] (restricted)
  2. Delbono, Flavio & Denicolo, Vincenzo, 1993. "Regulating innovative activity : The role of a public firm," International Journal of Industrial Organization, Elsevier, vol. 11(1), pages 35-48, March. [Downloadable!] (restricted)
    Other versions:
  3. Nishimori, Akira & Ogawa, Hikaru, 2002. "Public Monopoly, Mixed Oligopoly and Productive Efficiency," Australian Economic Papers, Blackwell Publishing, vol. 41(2), pages 185-90, June. [Downloadable!] (restricted)
  4. Loury, Glenn C, 1979. "Market Structure and Innovation," The Quarterly Journal of Economics, MIT Press, vol. 93(3), pages 395-410, August. [Downloadable!] (restricted)
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  5. Barbara J. Spencer & James A. Brander, 1982. "Strategic Commitment with R&D: The Symmetric Case," Working Papers 516, Queen's University, Department of Economics.
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  6. de Fraja, Giovanni & Delbono, Flavio, 1989. "Alternative Strategies of a Public Enterprise in Oligopoly," Oxford Economic Papers, Oxford University Press, vol. 41(2), pages 302-11, April. [Downloadable!] (restricted)
  7. Toshihiro Matsumura & Noriaki Matsushima, 2004. "Endogenous Cost Differentials between Public and Private Enterprises: A Mixed Duopoly Approach," Economica, London School of Economics and Political Science, vol. 71(284), pages 671-688, November. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Susumu Cato, 2008. "Mixed oligopoly, productive efficiency, and spillover," Economics Bulletin, Economics Bulletin, vol. 12(33), pages 1-5. [Downloadable!]
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