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R&D policy and privatization in a mixed oligopoly

Author

Listed:
  • María José Gil-Moltó

    (Dept of Economics, Loughborough University)

  • Joanna Poyago-Theotoky

    (Dept of Economics, Loughborough University)

  • Vasileios Zikos

    (Dept of Economics, Loughborough University)

Abstract

We introduce R&D activity and R&D subsidies in the context of a mixed oligopoly and evaluate the effects of privatization on welfare. We show that when R&D subsidies are employed, privatization is welfare and R&D promoting provided that the number of competitors is sufficiently large.

Suggested Citation

  • María José Gil-Moltó & Joanna Poyago-Theotoky & Vasileios Zikos, 2006. "R&D policy and privatization in a mixed oligopoly," Discussion Paper Series 2006_25, Department of Economics, Loughborough University.
    • Handle: RePEc:lbo:lbowps:2006_25
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    File URL: http://www.lboro.ac.uk/departments/ec/RePEc/lbo/lbowps/vasilis_R&D2.pdf
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    References listed on IDEAS

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    Cited by:

    1. Vasileios Zikos, 2007. "A Reappraisal of the Irrelevance result in mixed duopoly: A note on R&D competition," Economics Bulletin, AccessEcon, vol. 12(8), pages 1-6.
    2. repec:ebl:ecbull:v:12:y:2007:i:8:p:1-6 is not listed on IDEAS
    3. Pu‐yan Nie & Yong‐cong Yang, 2020. "Cost‐reduction innovation under mixed economy," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1195-1201, October.

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    Keywords

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    JEL classification:

    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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