Rácz, Zoltán and Tasnádi, Attila (2015) A Bertrand-Edgeworth oligopoly with a public firm. Working Paper. Corvinus University of Budapest Faculty of Economics, Budapest.
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Abstract
We determine conditions under which a pure-strategy equilibrium of a mixed Bertrand-Edgeworth oligopoly exists. In addition, we determine its pure-strategy equilibrium whenever it exists and compare the equilibrium outcome with that of the standard Bertrand-Edgeworth oligopoly with only private firms.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Series Name: | Corvinus Economics Working Papers - CEWP |
| Series Number / Identification Number: | 2015/08 |
| Uncontrolled Keywords: | Bertrand-Edgeworth, mixed oligopoly |
| JEL classification: | D43 - Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection L13 - Oligopoly and Other Imperfect Markets |
| Divisions: | Faculty of Economics > Department of Mathematics |
| Subjects: | Economics |
| Projects: | OTKA K-101224 |
| References: | Balogh, T., and A. Tasnádi (2012): Price Leadership in a Duopoly with Capacity Constraints and Product Differentiation In: Journal of Economics, 106, 233-249.
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De Fraja, G., and F. Delbono (1989): Alternative Strategies of a Public Enterprise in Oligopoly In: Oxford Economic Papers, 41, 302-311.
De Francesco, M., and N. Salvadori (2010): Bertrand-Edgeworth Games under Oligopoly with a Complete Characterization for the Triopoly. MPRA Paper No. 24087.
Hirata, D. (2009): Asymmetric Bertrand-Edgeworth Oligopoly and Mergers In: B.E. Journal of Theoretical Economics, 9, Article 22.
Matsumura, T., and Y. Okumura (2013): Privatization neutrality theorem revisited In: Economics Letters, 118, 324-326.
Vives, X. (1986): Rationing Rules and Bertrand-Edgeworth Equilibria in Large Markets In: Economics Letters, 21, 113-116. |
| ID Code: | 1898 |
| Deposited By: | Ádám Hoffmann |
| Deposited On: | 14 Apr 2015 11:24 |
| Last Modified: | 14 Apr 2015 11:24 |
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