Mixed duopoly, inefficiency, and public
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Kenneth George; Manfredi M. A. Manna
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Article
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1996
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Springer US
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English
β 455 KB
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