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DC Field | Value | Language |
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dc.contributor.author | Bennett, J | - |
dc.contributor.author | La Manna, M | - |
dc.date.accessioned | 2013-12-11T15:52:28Z | - |
dc.date.available | 2013-12-11T15:52:28Z | - |
dc.date.issued | 2012 | - |
dc.identifier.citation | Economics Letters, 117(3), 767 - 769, 2012 | en_US |
dc.identifier.issn | 0165-1765 | - |
dc.identifier.issn | 1545-2921 | - |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/7803 | - |
dc.description | © 2012 Elsevier B.V. All rights reserved | en_US |
dc.description.abstract | We analyze a mixed oligopoly with free entry by private firms, assuming that a public firm 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 welfare are the same with and without the public firm. However, replacing a viable mixed oligopoly with a public monopoly yields higher net welfare. Implications for privatization policy are suggested. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.subject | Mixed oligopoly | en_US |
dc.subject | Entry | en_US |
dc.subject | Privatization | en_US |
dc.title | Mixed oligopoly, public firm behavior, and free private entry | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/j.econlet.2012.08.025 | - |
pubs.organisational-data | /Brunel | - |
pubs.organisational-data | /Brunel/Brunel Active Staff | - |
pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences | - |
pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences/Economics and Finance | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Social Sciences - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Social Sciences - URCs and Groups/Centre for Economic Development and Institutions | - |
Appears in Collections: | Publications Dept of Economics and Finance Research Papers |
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Fulltext.pdf | 191.52 kB | Adobe PDF | View/Open |
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