Mixed duopoly, inefficiency, and public ownership

George, Kenneth D.; Manna, Manfredi La

doi:10.1007/bf00174411

Cited by 46 publications

(36 citation statements)

References 6 publications

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“…White (1996) analyzes the consequences of a privatization process in a mixed oligopoly to find that welfare is not changed if subsidies are used before and after privatization, while subsidies damage welfare if used only before privatization. George et al (1996) study the interaction between a public firm and a private one when the former has a higher marginal cost than the latter. They show that when the public firm acts as a Stackelberg leader, partial privatization may be welfare improving.…”

Section: Properties Of Equilibriamentioning

confidence: 99%

Public and Private Provision of Health Care

Barros¹,

Martínez-Giralt²

2002

Journal of Economics &Amp; Management Strategy

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One of the mechanisms that is implemented in the cost containment wave in the health care sectors in western countries is the definition, by the third-party payer, of a set of preferred providers. The insured patients have different access rules to such providers when ill. The rules specify the co-payments and the indemnity the patient obtains if patronizing an out-of-plan care provider. We propose to study the competitive process among providers in terms of both prices and qualities. Competition is influenced among other factors by the status of providers as in-plan or out-of-plan care providers. Also, we face a moral hazard of provider choice related to the trade-off between freedom to choose and the need to hold down costs.Our main findings are that we can define a reimbursement scheme when decisions on prices and qualities are taken simultaneously (that we relate to primary health care sectors) such that the first-best allocation is achieved. In contrast, some type of regulation is needed to achieve the optimal solution when decisions are sequential (specialized health care sector). We also derive some normative conclusions on the way price controls should be implemented in some European Union Member States.

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Section: Properties Of Equilibriamentioning

confidence: 99%

Public and Private Provision of Health Care

Barros¹,

Martínez-Giralt²

2002

Journal of Economics &Amp; Management Strategy

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“…See, for instance, [15,18,19,22,23,27,33,37,39]. Let us assume that the public firm is equally or more effici ent than the private firm.…”

Section: Resultsmentioning

confidence: 99%

Domestic and Foreign Ownership of Private Sector in Mixed Duopoly

Ohnishi¹

2012

M2ECONOMICS

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“…The firm's objective thus is to maximize a weighted sum of the social welfare and firm's own profit (e.g. George and La Manna 1996;Matsumura 1998;Bennett and Maw 2003;Chao and Yu 2006;Heywood and Ye 2010;Kumar and Saha 2008;Tian 2000). And the weight on the firm's profit usually increases with the degree of privatization.…”

Section: Introductionmentioning

confidence: 99%

Privatizing Multi-subsidiary Public Firm in Location Model

Chen¹,

Shuai

2017

The B.E. Journal of Theoretical Economics

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Abstract:This paper examines a different way of privatization from existing literature. In a mixed duopoly Hotelling type model in which the public firm consists of multiple subsidiaries, instead of privatizing the public firm as its entirety, the government may privatize only one of the subsidiaries (for example the manufacturing subsidiary). We find that this kind of privatization always improves social welfare comparing to no privatization at all. And comparing to privatizing the public firm in its entirety, privatizing only the manufacturing subsidiary always results in larger consumer welfare and results in larger social welfare when transport cost or R&D cost is sufficiently large.

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Mixed duopoly, inefficiency, and public ownership

Abstract: Mixed oligopoly, public ownership, privatization, L33, L13,

Cited by 46 publications

References 6 publications

Public and Private Provision of Health Care

Public and Private Provision of Health Care

Domestic and Foreign Ownership of Private Sector in Mixed Duopoly

Privatizing Multi-subsidiary Public Firm in Location Model

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