All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Najiba Benabess
 
''Partial Privatization in Mixed Duopoly: Comparing Cournot and Stackelberg Models.''
( 2007, Vol. 28 No.12 )
 
 
This paper investigates the optimal partial privatization of a Stackelberg leader in a mixed oligopoly. It builds from Matsumura's duopoly Cournot model (1998) by comparing Cournot and Stackelberg models. In Cournot, partial ownership is optimal in a duopoly. In Stackelberg, partial privatization can be optimal but only when the government weighs consumer surplus more than profit in the welfare function. Indeed, for large weights on consumer surplus the optimal extent of privatization in Stackelberg actually exceeds that in Cournot.
 
 
Keywords:
 
Manuscript Received : Nov 16 2007 Manuscript Accepted : Nov 19 2007

  This abstract has been downloaded 427 times                The Full PDF of this paper has been downloaded 87699 times