Mixed oligopoly, public firm behavior, and free private entry

We analyze a mixed oligopoly with free entry by private firms, assuming that a public firm maximizes an increasing function of output, subject to a break-even constraint. We establish an irrelevance result: whenever a mixed oligopoly is viable, then aggregate output, aggregate costs and welfare are...

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Bibliographic Details
Published in:	Economics letters Vol. 117; no. 3; pp. 767 - 769
Main Authors:	Bennett, John, La Manna, Manfredi
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 01.12.2012 Elsevier Science Ltd
Subjects:	Alliances Entry Market entry Mixed oligopoly Monopolies Oligopoly Privatization Public enterprises Public sector Studies Welfare Welfare economics P23 Mixed oligopoly Entry L32 Privatization H32
ISSN:	0165-1765, 1873-7374
Online Access:	Get full text
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