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Hiroyuki Takami and Tamotsu Nakamura
''Optimal partial privatization in mixed oligopoly: a geometric approach''
( 2013, Vol. 33 No.4 )
In homogenous mixed oligopoly neither full nationalization nor full privatization is optimal under moderate conditions. This paper provides an intuitive geometric explanation to the result by means of best-response functions and iso-social-surplus curves. It is also shown that the optimal degree of partial privatization can easily be derived from the explanation.
Keywords: Mixed oligopoly, Partial privatization, Geometric approach
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
Manuscript Received : Jul 15 2013 Manuscript Accepted : Dec 23 2013

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