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Mixed Motives of Simultaneous-move Games in a Mixed Duopoly: Comments and Erratum

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  • Kangsik Choi

    (Graduate school of international studies, Pusan National University)

Abstract

If the public and private firm have mixed motives about payoff in a simultaneous-move game, Choi (2006) analyzes that the resulting equilibrium turns out to be an inefficient level with the monopoly of private firm even if there are Nash equilibria. However, we find that if we use equilibrium profit, we would have solved its unique Nash equilibrium that both firms aim to maximize the relative payoffs.

Suggested Citation

  • Kangsik Choi, 2007. "Mixed Motives of Simultaneous-move Games in a Mixed Duopoly: Comments and Erratum," Economics Bulletin, AccessEcon, vol. 12(32), pages 1-4.
    • Handle: RePEc:ebl:ecbull:eb-07l00006
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    File URL: http://www.accessecon.com/pubs/EB/2007/Volume12/EB-07L00006A.pdf
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    References listed on IDEAS

    as
    1. de Fraja, Giovanni & Delbono, Flavio, 1989. "Alternative Strategies of a Public Enterprise in Oligopoly," Oxford Economic Papers, Oxford University Press, vol. 41(2), pages 302-311, April.
    2. de Fraja, Giovanni & Delbono, Flavio, 1990. "Game Theoretic Models of Mixed Oligopoly," Journal of Economic Surveys, Wiley Blackwell, vol. 4(1), pages 1-17.
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    Cited by:

    1. Kangsik Choi & Yuanzhu Lu, 2009. "A Model Of Endogenous Payoff Motives And Endogenous Timing In A Mixed Duopoly," Australian Economic Papers, Wiley Blackwell, vol. 48(3), pages 203-223, September.

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    More about this item

    Keywords

    Mixed Duopoly;

    JEL classification:

    • L0 - Industrial Organization - - General
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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