Skip to content

Research at St Andrews

Mixed oligopoly, public firm behavior, and free private entry

Research output: Contribution to journalArticle

Author(s)

John Bennett, Manfredi M A La Manna

School/Research organisations

Abstract

We analyze a mixed oligopoly with free entry by private …rms, assum-
ing that a public …rm maximizes an increasing function of output, subject
to a break-even constraint. We establish an irrelevance result: whenever a
mixed oligopoly is viable, then aggregate output, aggregate costs and wel-
fare are the same with and without the public …rm. However, replacing a
viable mixed oligopoly with a public monopoly yields higher net welfare.
Implications for privatization policy are suggested.
Close

Details

Original languageEnglish
Pages (from-to)767-769
Number of pages3
JournalEconomics Letters
Volume117
Issue number3
DOIs
Publication statusPublished - Dec 2012

    Research areas

  • Mixed oligopoly, Entry, Privatization

Discover related content
Find related publications, people, projects and more using interactive charts.

View graph of relations

Related by author

  1. The fundamental problem blocking open access and how to overcome it: the BitViews project

    Lamanna, C. & La Manna, M. M. A., 20 Nov 2019, In : Insights: the UKSG Journal. 32, 1, 15 p., 34.

    Research output: Contribution to journalArticle

  2. BitView: using blockchain technology to validate and diffuse global usage data for academic publications

    Lamanna, C. & La Manna, M. M. A., 15 Nov 2018, Maturity and Innovation in Digital Libraries: International Conference on Asian Digital Libraries (ICADL 2018). Dobreva, M., Hinze, A. & Žumer, M. (eds.). Springer Nature, p. 267-277 11 p. ( Lecture Notes in Computer Science; vol. 11279).

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

  3. Multi-task research and research joint ventures

    La Manna, M. M. A., Apr 2013, In : The B.E. Journal of Theoretical Economics. 13, 1, p. 1-19 19 p.

    Research output: Contribution to journalArticle

  4. The surprising benefits of a parallel universe

    La Manna, M. M. A., Mar 2009, In : Managerial and Decision Economics. 30, 2, p. 109-117

    Research output: Contribution to journalArticle

Related by journal

  1. On the indifference relation in Bewley preferences

    Gerasimou, G., Mar 2018, In : Economics Letters. 164, p. 24-26 3 p.

    Research output: Contribution to journalArticle

  2. Information disclosure and asymmetric speed of learning in booms and busts

    Palazzo, F. & Zhang, M., Sep 2017, In : Economics Letters. 158, p. 37-40 4 p.

    Research output: Contribution to journalArticle

  3. The consequences of persistent inequality on social capital: a municipal-level analysis of blood donation data

    Oto-Peralías, D. & Romero-Ávila, D., Feb 2017, In : Economics Letters. 151, p. 53-57 5 p.

    Research output: Contribution to journalArticle

  4. An axiomatization of multiple-choice test scoring

    Zapechelnyuk, A., 1 Jul 2015, In : Economics Letters. 132, p. 24-27 4 p.

    Research output: Contribution to journalArticle

  5. Revisiting the optimal linear income tax with categorical transfers

    Slack, S. E., Sep 2015, In : Economics Letters. 134, p. 73-77

    Research output: Contribution to journalArticle

ID: 20029085

Top