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Regulation versus regulated monopolization of a Cournot oligopoly with unknown cost

Ismail Saglam

Theoretical and Applied Economics, 2017, vol. XXIV, issue 1(610), Spring, 277-290

Abstract: This paper studies whether a Cournot oligopoly with unknown costs should be left unregulated, or regulated according to the optimal mechanism of Gradstein (1995), or first monopolized and then regulated according to the optimal mechanism of Baron and Myerson (1982). We show that the answer to this question depends on the number of the oligopolistic firms and the size of their fixed costs, as well as on the weight of the producer welfare in the social objective function.

Keywords: Monopoly; Oligopoly; Cournot competition; Regulation; Asymmetric information. (search for similar items in EconPapers)
Date: 2017
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Related works:
Working Paper: Regulation versus Regulated Monopolization of a Cournot Oligopoly with Unknown Costs (2016) Downloads
Working Paper: Regulation versus Regulated Monopolization of a Cournot Oligopoly with Unknown Costs (2016) Downloads
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