Mixed Oligopoly and Public Enterprises

This Element outlines the theory of mixed oligopoly and survey of public and private enterprise interaction in mixed oligopoly markets.

Joanna Poyago-Theotoky (Author)

9781009486750, Cambridge University Press

Hardback, published 6 June 2024

60 pages
22.9 x 15.2 x 0.6 cm, 0.231 kg

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.

1. Introduction
2. Traditional mixed oligopoly
3. Alternative objectives for the public firm
4. A smorgasbord of applications
5. Current issues
6. Concluding remarks
References.

Subject Areas: Public finance [KFFD]