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- W2148784845 abstract "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 the same with and without the public firm. However, replacing a viable mixed oligopoly with a public monopoly yields higher net welfare. Implications for privatization policy are suggested." @default.
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- W2148784845 date "2012-12-01" @default.
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- W2148784845 title "Mixed oligopoly, public firm behavior, and free private entry" @default.
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- W2148784845 doi "https://doi.org/10.1016/j.econlet.2012.08.025" @default.
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