Pricing by state-owned enterprises: the
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R. Richard Geddes
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Article
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2008
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John Wiley and Sons
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English
β 216 KB
## Abstract Sappington and Sidak develop a model of stateβowned enterprise (SOE) pricing behavior in which firms maximize a weighted average of revenues and profits. The model predicts that SOEs will lower prices in moreβelastic markets and raise them in lessβelastic markets if the weight they plac