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Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result

Author

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  • Joanna Poyago-Theotoky

    () (University of Nottingham)

Abstract

In the presence of output subsidization, the optimal output subsidy is identical and profits, output and social welfare are also identical irrespective of whether (i)a public firm moves simultaneously with n private firms or (ii) it acts as a Stackelberg leader or (iii) all firms, public and private, behave as profit-maximizers.

Suggested Citation

  • Joanna Poyago-Theotoky, 2001. "Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result," Economics Bulletin, AccessEcon, vol. 12(3), pages 1-5.
  • Handle: RePEc:ebl:ecbull:eb-01l30001
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    File URL: http://www.accessecon.com/pubs/EB/2001/Volume12/EB-01L30001A.pdf
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    References listed on IDEAS

    as
    1. de Fraja, Giovanni & Delbono, Flavio, 1990. " Game Theoretic Models of Mixed Oligopoly," Journal of Economic Surveys, Wiley Blackwell, vol. 4(1), pages 1-17.
    2. White, Mark D., 1996. "Mixed oligopoly, privatization and subsidization," Economics Letters, Elsevier, vol. 53(2), pages 189-195, November.
    3. Debashis Pal & Mark D. White, 1998. "Mixed Oligopoly, Privatization, and Strategic Trade Policy," Southern Economic Journal, Southern Economic Association, vol. 65(2), pages 264-281, October.
    4. de Fraja, Giovanni & Delbono, Flavio, 1989. "Alternative Strategies of a Public Enterprise in Oligopoly," Oxford Economic Papers, Oxford University Press, vol. 41(2), pages 302-311, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. repec:hit:hitjec:v:58:y:2017:i:2:p:163-177 is not listed on IDEAS
    2. repec:bpj:bejtec:v:17:y:2017:i:2:p:9:n:2 is not listed on IDEAS
    3. Gareth Myles & Hassan Khodavaisi & Nigar Hashimzade, 2007. "An irrelevance result with differentiated goods," Economics Bulletin, AccessEcon, vol. 8(2), pages 1-7.
    4. Roy Chowdhury, Prabal, 2007. "Mixed oligopoly with consumer-friendly public firms," MPRA Paper 4255, University Library of Munich, Germany.
    5. J Hindriks & D Claude, 2006. "Strategic Privatization and Regulation Policy in Mixed Markets," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(1), pages 7-26, February.
    6. Denis Claude & Mabel Tidball, 2010. "Efficiency inducing taxation for polluting oligopolists: the irrelevance of privatization," Economics Bulletin, AccessEcon, vol. 30(4), pages 2946-2954.
    7. Lee, Sang-Ho & Muminov, Timur K. & Tomaru, Yoshihiro, 2017. "Partial Privatization And Subsidization In A Mixed Duopoly: R&D Versus Output Subsidies," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 58(2), pages 163-177, December.
    8. Levin, Mark & Busygin, V. & Popova, E.V., 2016. "Development and Analysis of Strategies for Selecting Models of Mixed Market Participants," Working Papers 3054, Russian Presidential Academy of National Economy and Public Administration.
    9. Gareth Myles, 2002. "Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result for the general case," Economics Bulletin, AccessEcon, vol. 12(1), pages 1-6.
    10. repec:spr:jecfin:v:41:y:2017:i:2:d:10.1007_s12197-015-9346-2 is not listed on IDEAS
    11. repec:ebl:ecbull:v:12:y:2007:i:8:p:1-6 is not listed on IDEAS
    12. repec:ebl:ecbull:v:12:y:2007:i:13:p:1-5 is not listed on IDEAS
    13. repec:eee:reveco:v:50:y:2017:i:c:p:1-7 is not listed on IDEAS

    More about this item

    Keywords

    mixed oligopoly;

    JEL classification:

    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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