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Title :Strategic incentives in a subsidized mixed duopoly
Authors :Serizawa, Nobuko
Issue Date :Mar-1999
Journal Title :Working Papers
Volume :23
Start Page :2
End Page :13
Description :This paper investigates the effect of production subsidies in a mixed duopoly in which the owners of firms provide strategic incentives to their managers. When the asymmetric subsidy is introduced to the public firm, it is shown that neither industry output nor welfare can be changed. this means that the optimal level of such subsidy in a mixed duopoly must be zero. Furthermore, unlike previous studies, it is shown that the government should privatize the public firm by arranging for an asymmetric subsidy when there are two firms in a market.
Keywords :Mixed oligopoly
Strategic contract
Subsidy
Privatization
Type Local :プレプリント
Language :eng
Format :application/pdf
URI :http://hdl.handle.net/10191/598
fullTextURL :http://dspace.lib.niigata-u.ac.jp/dspace/bitstream/10191/598/1/9_0004.pdf
Rights :新潟大学経済学部
Appears in Collections:10 Working Papers

Please use this identifier to cite or link to this item: http://hdl.handle.net/10191/598