|
| |
| 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 |
|
