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Oligopole mixte dans un marché commun

Giacomo Corneo and Oliver Jeanne

Annals of Economics and Statistics, 1994, issue 33, 73-90

Abstract: We consider a "continental" mixed oligopoly in which public firms maximize national surplus. In the unique Cournot-Nash equilibrium the countries with a public firm are net exporters and the price lies above the constant marginal cost. Moreover the objective of the public firms may be expressed uniquely in terms of exports. Nationalization, privatization, and creation of a public firm may increase the continental and national welfare under some conditions on the industry structure which we explicitly determine.

Date: 1994
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Handle: RePEc:adr:anecst:y:1994:i:33:p:73-90