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Mixed oligopoly, subsidization and the order of firm's moves: the relevance of privatization

โœ Scribed by Kenneth Fjell; John S. Heywood

Book ID
116420806
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
81 KB
Volume
83
Category
Article
ISSN
0165-1765

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Delegation in a mixed oligopoly: the cas
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โœ John S. Heywood; Guangliang Ye ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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