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Mixed Oligopoly, Partial Privatization and Subsidization

Author

Listed:
  • Yoshihiro Tomaru

    (Graduate School of Economics, Waseda University)

Abstract

White (1996), Poyago-Theotoky (2001) and Myles (2002) prove that the optimal subsidy, equilibrium output level, all firms' profits and social welfare are identical before and after privatization of a public firm in a mixed oligopolistic market. We show that we can obtain these irrelevance results even though partial privatization introduced by Matsumura (1998) is considered.

Suggested Citation

  • Yoshihiro Tomaru, 2006. "Mixed Oligopoly, Partial Privatization and Subsidization," Economics Bulletin, AccessEcon, vol. 12(5), pages 1-6.
    • Handle: RePEc:ebl:ecbull:eb-06l10005
    as

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    File URL: http://www.accessecon.com/pubs/EB/2006/Volume12/EB-06L10005A.pdf
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    References listed on IDEAS

    as
    1. White, Mark D., 1996. "Mixed oligopoly, privatization and subsidization," Economics Letters, Elsevier, vol. 53(2), pages 189-195, November.
    2. 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.
    3. Matsumura, Toshihiro, 1998. "Partial privatization in mixed duopoly," Journal of Public Economics, Elsevier, vol. 70(3), pages 473-483, December.
    4. 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.
    5. repec:ebl:ecbull:v:12:y:2002:i:1:p:1-6 is not listed on IDEAS
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    More about this item

    Keywords

    Mixed Oligopoly;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • H4 - Public Economics - - Publicly Provided Goods

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