Partial privatization in a mixed oligopoly with an R&D rivalry

Heywood, John and Ye, Guangliang (2009) Partial privatization in a mixed oligopoly with an R&D rivalry. Bulletin of Economic Research, 61 (2). pp. 165-178. ISSN 0307-3378

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Abstract

This paper is the first to examine the incentive for partial privatization in a mixed duopoly with R&D rivalry. We show that because mixed duopolies engage in more R&D, the optimal extent of privatization is unambiguously reduced. Yet, this reduction is often very modest. Adopting the extent of privatization that would be optimal if one ignored the R&D rivalry routinely results in greater welfare than retaining a fully public firm and ignoring partial privatization. Only when R&D has an extremely low cost would it be preferable to ignore partial privatization.

Item Type:
Journal Article
Journal or Publication Title:
Bulletin of Economic Research
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
64919
Deposited By:
Deposited On:
10 Jun 2013 18:59
Refereed?:
Yes
Published?:
Published
Last Modified:
25 Oct 2020 09:08