IDEAS home Printed from https://ideas.repec.org/a/sej/ancoec/v702y2003p403-413.html
   My bibliography  Save this article

Endogenous Role in Mixed Markets: A Two-Production-Period Model

Author

Listed:
  • Toshihiro Matsumura

    () (Institute of Social Science, University of Tokyo)

Abstract

In this paper, I investigate endogenous roles in a mixed duopoly, where private and state-owned public firms compete, by allowing two production periods. I find that many equilibria exist, including the Cournot-type equilibrium and one Stackelberg-type equilibrium where the public firm becomes the follower. However, another Stackelberg-type equilibrium where the public firm becomes the leader does not exist. If small inventory costs are introduced, the unique equilibrium outcome becomes the Stackelberg type where the public firm is the follower.

Suggested Citation

  • Toshihiro Matsumura, 2003. "Endogenous Role in Mixed Markets: A Two-Production-Period Model," Southern Economic Journal, Southern Economic Association, vol. 70(2), pages 403-413, October.
  • Handle: RePEc:sej:ancoec:v:70:2:y:2003:p:403-413
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Maria J. Hanratty & Rebecca M. Blank, 1992. "Down and Out in North America: Recent Trends in Poverty Rates in the United States and Canada," The Quarterly Journal of Economics, Oxford University Press, vol. 107(1), pages 233-254.
    2. Sawhill, Isabel V, 1988. "Poverty in the U.S.: Why Is It So Persistent?," Journal of Economic Literature, American Economic Association, pages 1073-1119.
    3. Olivier Jean Blanchard & Lawrence F. Katz, 1992. "Regional Evolutions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 1-76.
    4. Donald G. Freeman, 2003. "Poverty and the Macroeconomy: Estimates from U.S. Regional Data," Contemporary Economic Policy, Western Economic Association International, vol. 21(3), pages 358-371, July.
    5. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    6. Levy, Frank & Murnane, Richard J, 1992. "U.S. Earnings Levels and Earnings Inequality: A Review of Recent Trends and Proposed Explanations," Journal of Economic Literature, American Economic Association, pages 1333-1381.
    7. R Haveman & J Schwabish, 2000. "Has Macroeconomic Performance Regained Its Antipoverty Bite?," Contemporary Economic Policy, Western Economic Association International, vol. 18(4), pages 415-427, October.
    8. Dan Rickman, 1998. "The causes of regional variation in U.S. poverty: A cross-county analysis," ERSA conference papers ersa98p13, European Regional Science Association.
    9. William Levernier & Mark D. Partridge & Dan S. Rickman, 2000. "The Causes of Regional Variations in U.S. Poverty: A Cross-County Analysis," Journal of Regional Science, Wiley Blackwell, vol. 40(3), pages 473-497.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Toshihiro Matsumura & Noriaki Matsushima & Ikuo Ishibashi, 2009. "Privatization and entries of foreign enterprises in a differentiated industry," Journal of Economics, Springer, pages 203-219.
    2. Kazuhiro Ohnishi, 2006. "Investment Decisions in a New Mixed Market," Annals of Economics and Finance, Society for AEF, pages 271-281.
    3. Kazuhiro Ohnishi, 2013. "A Two-production-period Model with State-owned and Labour-managed Firms," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 5(1), pages 41-56, April.
    4. Durgesh Chandra Pathak, 2010. "Poverty and Inequality in Uttar Pradesh during 1993-94 to 2004-05 A Decomposition Analysis," Development Economics Working Papers 23022, East Asian Bureau of Economic Research.
    5. Corrado Benassi & Alessandra Chirco & Marcella Scrimitore, 2014. "Optimal manipulation rules in a mixed oligopoly," Journal of Economics, Springer, pages 61-84.
    6. Hirose, Kosuke & Matsumura, Toshihiro, 2017. "Comparing Welfare and Profit in Quantity and Price Competition within Stackelberg Mixed Duopolies," MPRA Paper 77700, University Library of Munich, Germany.
    7. Mukherjee, Arijit & Sinha, Uday Bhanu, 2014. "Can cost asymmetry be a rationale for privatisation?," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 497-503.
    8. Toshihiro Matsumura & Makoto Okamura, 2015. "Competition and privatization policies revisited: the payoff interdependence approach," Journal of Economics, Springer, pages 137-150.
    9. repec:kap:jincot:v:17:y:2017:i:4:d:10.1007_s10842-017-0248-1 is not listed on IDEAS
    10. Tamás Balogh & Attila Tasnádi, 2012. "Does timing of decisions in a mixed duopoly matter?," Journal of Economics, Springer, pages 233-249.
    11. Guangliang Ye & Jinhua Zhao, 2016. "Environmental Regulation in a Mixed Economy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 273-295.
    12. Li, Changying & Zhang, Jianhu, 2011. "Equilibrium locations in a mixed duopoly with sequential entry in real time," Economic Modelling, Elsevier, vol. 28(3), pages 1211-1218, May.
    13. Tamás Balogh & Attila Tasnádi, 2012. "Does timing of decisions in a mixed duopoly matter?," Journal of Economics, Springer, pages 233-249.
    14. Sato, Susumu & Matsumura, Toshihiro, 2017. "Shadow Cost of Public Funds and Privatization Policies," MPRA Paper 81054, University Library of Munich, Germany.
    15. Lin, Ming Hsin & Matsumura, Toshihiro, 2017. "Optimal Privatization Policy under Private Leadership in Mixed Oligopolies," MPRA Paper 79913, University Library of Munich, Germany.
    16. Toshihiro Matsumura & Akira Ogawa, 2017. "Inefficient but Robust Public Leadership," Journal of Industry, Competition and Trade, Springer, pages 387-398.
    17. Rupayan Pal, 2012. "How much should you own? Cross-ownership and privatization," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2012-008, Indira Gandhi Institute of Development Research, Mumbai, India.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sej:ancoec:v:70:2:y:2003:p:403-413. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Razzolini). General contact details of provider: http://edirc.repec.org/data/seaaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.