Development and Analysis of Strategies for Selecting Models of Mixed Market Participants

Разработка и анализ моделей выбора стратегий участниками смешанных рынков

Mark Levin, Busygin, V. (Бусыгин, В.) () and Popova, E.V. (Попова, Е.) ()
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Busygin, V. (Бусыгин, В.): Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Popova, E.V. (Попова, Е.): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Many industries in both developing and developed countries are similar to mixed markets. We see coexistence of public and private firms in education, health, research, etc. The role of state enterprises has long been a subject of theoretical debate. Government can indirect influence the behavior of private enterprises through the promotion particular behavior of state enterprises operating in the same industry. The experience of nationalization and privatization shows that interaction between public and private enterprises in Russian economy cannot be described by traditional models of “mixed oligopoly”. We consider the simplest case of a mixed structure - a duopoly with a private firm and one state-owned company. We compare the objective functions of private, cooperative and state-owned firms, analyze oligopolistic markets, consisting of public and private firms, and consisting of private and cooperative firms, investigate the model of equilibrium in mixed markets in the presence of external effects, study innovative activity in mixed markets.

Keywords: industry; nationalization; privatization; mixed market (search for similar items in EconPapers)
Pages: 81 pages
Date: 2016-05-30
New Economics Papers: this item is included in nep-cis
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