Mixed Oligopoly and Public Enterprises

Joanna Poyago-Theotoky (Università del Salento, Italy)

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English

Cambridge University Press
06 June 2024

Microeconomics; Economics of industrial organisation; Ownership & organisation of enterprises

Series: Elements in Public Economics

This Element offers a review and synthesis of the theoretical analysis of mixed oligopoly, that is a hybrid market structure in which public (state-owned) and private firms interact, using a variety of strategic variables. A distinguishing feature of a mixed oligopoly is that firms have different objectives. A public firm's objective is a notion of social welfare while a private firm is profit maximising. Privatisation and partial-privatisation of a public firm is also discussed, together with several applications from diverse subfields spanning industrial organisation, applied microeconomic theory, innovation, international trade and environment policy. The authors also discuss ways in which the original analysis has been enriched to study the interaction between providers of public sector services as opposed to traditional goods.

By: Joanna Poyago-Theotoky (Università del Salento Italy)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Weight: 231g
ISBN: 9781009486750
ISBN 10: 1009486756
Series: Elements in Public Economics
Pages: 60
Publication Date: 06 June 2024
Audience: College/higher education , Further / Higher Education
Format: Hardback
Publisher's Status: Active

1. Introduction; 2. Traditional mixed oligopoly; 3. Alternative objectives for the public firm; 4. A smorgasbord of applications; 5. Current issues; 6. Concluding remarks; References.