Welfare consequence of an asymmetric regulation in a mixed Bertrand duopoly
AbstractI investigate an asymmetric duopoly where a public enterprise must supply the demand it faces, while a private enterprise has no such obligation. I show that such an asymmetric regulation yields the first-best outcome (Walrasian equilibrium).
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 115 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Supply obligation; Unique pure strategy Bertrand equilibrium; Mixed markets;
Find related papers by JEL classification:
- D4 - Microeconomics - - Market Structure and Pricing
- H4 - Public Economics - - Publicly Provided Goods
- K2 - Law and Economics - - Regulation and Business Law
- L5 - Industrial Organization - - Regulation and Industrial Policy
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