Bertrand Competition In A Mixed Duopoly Market
We present a simple Bertrand competition model with a Hotelling (Economic Journal, Vol. 39 (1929), pp. 41-57) type spatial competition by incorporating the framework of partial privatization developed by Bös (Privatization: A Theoretical Treatment, Oxford, Clarendon Press, 1991). We investigate simultaneous price choice and sequential price choice with respect to fixed locations of firms and show how the degree of privatization of a public firm influences social welfare in a mixed duopoly market. We also analyse sequential price competition with respect to the location choice of firms. Copyright © 2009 The Author. Journal compilation © 2009 Blackwell Publishing Ltd and The University of Manchester.
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Volume (Year): 77 (2009)
Issue (Month): 3 (06)
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