Mixed duopoly, inefficiency, and public ownership

✍ Scribed by Kenneth George; Manfredi M. A. Manna

• Book ID: 104651767
• Publisher: Springer US
• Year: 1996
• Tongue: English
• Weight: 455 KB
• Volume: 11
• Category: Article
• ISSN: 0889-938X
• DOI: 10.1007/bf00174411

✦ Synopsis

If a publicly-owned fim~ has a higher marginal cost than a private firm, partial public ownership may be welfare-improving, if the public firm acts is Stackelberg leader. If the private firm's marginal cost is private information a simple transfer function is truth-eliciting. If the stock market is efficient, the cost of renationalization is "small".