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Series:   Elements in Public Economics

Mixed Oligopoly and Public Enterprises

Published online by Cambridge University Press:  09 April 2024

Joanna Poyago-Theotoky
Joanna Poyago-Theotoky
Affiliation:
Università del Salento, Italy

Summary

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.
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Keywords

public enterprisestate-owned enterprisepublic firmmixed oligopolyprivatisation
Type
Element
Information
Series: Elements in Public Economics
Online ISBN: 9781108770279
Publisher: Cambridge University Press
Print publication: 06 June 2024

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