A Mixed Oligopoly Where Private Firms Survive Welfare Maximisation

Delegation in a mixed oligopoly: the cas

Delegation in a mixed oligopoly: the case of multiple private firms

✍ John S. Heywood; Guangliang Ye 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 190 KB

## Abstract Previous research examining mixed duopolies shows that the use of an optimal incentive contract for the public firm increases welfare and that privatization reduces welfare. We demonstrate that these results do not generalize to a mixed oligopoly with multiple private firms. We derive t