Author : Joanna Poyago-Theotoky
Publisher : Cambridge University Press
ISBN 13 : 9781009486750
Total Pages : 0 pages
Book Rating : 4.4/5 (867 download)
Book Synopsis Mixed Oligopoly and Public Enterprises by : Joanna Poyago-Theotoky
Download or read book Mixed Oligopoly and Public Enterprises written by Joanna Poyago-Theotoky and published by Cambridge University Press. This book was released on 2024-05-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element offers a review and synthesis of the theoretical analysis of mixed oligopoly, that is a hybrid market structure in which public (state-owned) and private firms interact, using a variety of strategic variables. A distinguishing feature of a mixed oligopoly is that firms have different objectives. A public firm's objective is a notion of social welfare while a private firm is profit maximising. Privatisation and partial-privatisation of a public firm is also discussed, together with several applications from diverse subfields spanning industrial organisation, applied microeconomic theory, innovation, international trade and environment policy. The authors also discuss ways in which the original analysis has been enriched to study the interaction between providers of public sector services as opposed to traditional goods.