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Joanna Poyago-Theotoky
''Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result''
( 2001, Vol. 12 No.3 )
In the presence of output subsidization, the optimal output subsidy is identical and profits, output and social welfare are also identical irrespective of whether (i)a public firm moves simultaneously with n private firms or (ii) it acts as a Stackelberg leader or (iii) all firms, public and private, behave as profit-maximizers.
Keywords: mixed oligopoly
JEL: L3 - Nonprofit Organizations and Public Enterprise: General
L1 - Market Structure, Firm Strategy, and Market Performance: General
Manuscript Received : Sep 18 2001 Manuscript Accepted : Sep 18 2001

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