Multiple Long-Run Equilibria in a Free-Entry Mixed Oligopoly
Junichi Haraguchi and
Toshihiro Matsumura ()
MPRA Paper from University Library of Munich, Germany
We investigate a free-entry mixed oligopoly with constant marginal costs. A privatization policy is implemented after private firms enter the market. We find that both full privatization and full nationalization are equilibrium policies, and the former is the worst privatization policy for welfare.
Keywords: entry-then-privatization; constant marginal costs; profit-enhancing entry; two polar equilibrium privatization policies (search for similar items in EconPapers)
JEL-codes: D43 H44 L33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-gth and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86704
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