IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-08l30003.html
   My bibliography  Save this article

Public monopoly, mixed oligopoly and productive efficiency: a generalization

Author

Listed:
  • Susumu Cato

    (Graduate School of Economics, The University of Tokyo)

Abstract

The paper considers a cost-reducing investment by the public sector. We compare the investment in the public monopoly to that in the mixed oligopoly. Without specifications of the demand and cost functions, we show that the investment in the public monopoly is higher thanthat in the mixed oligopoly. Our result is a generalization of the result of Nishimori and Ogawa (2002), which investigate the effects of deregulation on the public sector's investment by assuming the linear demand and linear cost functions.

Suggested Citation

  • Susumu Cato, 2008. "Public monopoly, mixed oligopoly and productive efficiency: a generalization," Economics Bulletin, AccessEcon, vol. 12(24), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-08l30003
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/pubs/EB/2008/Volume12/EB-08L30003A.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Matsumura, Toshihiro, 1998. "Partial privatization in mixed duopoly," Journal of Public Economics, Elsevier, vol. 70(3), pages 473-483, December.
    2. 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.
    3. Chrisafis H. Iordanoglou, 2001. "Public Enterprise Revisited," Books, Edward Elgar Publishing, number 2180.
    4. repec:bla:ausecp:v:41:y:2002:i:2:p:185-90 is not listed on IDEAS
    5. repec:bla:econom:v:71:y:2004:i:284:p:671-688 is not listed on IDEAS
    6. Glenn C. Loury, 1979. "Market Structure and Innovation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(3), pages 395-410.
    7. Willner, Johan, 2001. "Ownership, efficiency, and political interference," European Journal of Political Economy, Elsevier, vol. 17(4), pages 723-748, November.
    8. Poyago-Theotoky, Joanna, 1998. "R&D Competition in a Mixed Duopoly under Uncertainty and Easy Imitation," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 415-428, September.
    9. Ishibashi, Ikuo & Matsumura, Toshihiro, 2006. "R&D competition between public and private sectors," European Economic Review, Elsevier, vol. 50(6), pages 1347-1366, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Saha, Souresh, 2014. "Firm's objective function and product and process R&D," Economic Modelling, Elsevier, vol. 36(C), pages 484-494.
    2. repec:ebl:ecbull:v:12:y:2008:i:33:p:1-5 is not listed on IDEAS
    3. Susumu Cato, 2008. "Mixed oligopoly, productive efficiency, and spillover," Economics Bulletin, AccessEcon, vol. 12(33), pages 1-5.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ebl:ecbull:v:12:y:2008:i:24:p:1-7 is not listed on IDEAS
    2. Ikuo Ishibashi & Noriaki Matsushima, 2012. "Should Public Sectors Be Complements of Private Sectors?," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 168(4), pages 712-730, December.
    3. Juan Carlos Bárcena-Ruiz & María Begoña Garzón, 2020. "Partial privatization in an international mixed oligopoly under product differentiation," Journal of Economics, Springer, vol. 131(1), pages 77-100, September.
    4. Johan Willner, 2013. "The welfare impact of a managerial oligopoly with an altruistic firm," Journal of Economics, Springer, vol. 109(2), pages 97-115, June.
    5. Wu, Xiaoting & Mukherjee, Arijit & Zeng, Chenhang, 2024. "Privatization and innovation in a vertical structure," China Economic Review, Elsevier, vol. 84(C).
    6. Gil-Moltó, Maria José & Poyago-Theotoky, Joanna & Rodrigues-Neto, José A. & Zikos, Vasileios, 2020. "Mixed oligopoly, cost-reducing research and development, and privatisation," European Journal of Operational Research, Elsevier, vol. 283(3), pages 1094-1106.
    7. Stefan Bühler & Simon Wey, 2010. "Demand-Enhancing Investment in Mixed Duopoly," University of St. Gallen Department of Economics working paper series 2010 2010-16, Department of Economics, University of St. Gallen.
    8. Alessandra Chirco & Marcella Scrimitore, 2023. "Privatization in an International Mixed Oligopoly: the Role of Product Differentiation under Price Competition," Discussion Papers 2023/301, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    9. Alessandra Chirco & Marcella Scrimitore, 2017. "Privatization in an International Mixed Oligopoly: the Role of Product Differentiation under Price Competition," EERI Research Paper Series EERI RP 2017/06, Economics and Econometrics Research Institute (EERI), Brussels.
    10. Levin, Mark (Левин, Марк) & Busygin, V. (Бусыгин, В.) & Popova, E.V. (Попова, Е.), 2016. "Development and Analysis of Strategies for Selecting Models of Mixed Market Participants [Разработка И Анализ Моделей Выбора Стратегий Участниками Смешанных Рынков]," Working Papers 3054, Russian Presidential Academy of National Economy and Public Administration.
    11. Toshihiro Matsumura & Daisuke Shimizu, 2010. "Privatization Waves," Manchester School, University of Manchester, vol. 78(6), pages 609-625, December.
    12. Alessandra Chirco & Marcella Scrimitore, 2010. "Price Competition in International Mixed Oligopolies," Working Paper series 48_10, Rimini Centre for Economic Analysis.
    13. Rupayan Pal, 2010. "How much should you own? Cross-ownership and privatization," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2010-015, Indira Gandhi Institute of Development Research, Mumbai, India.
    14. Toshihiro Matsumura & Akira Ogawa, 2010. "On The Robustness Of Private Leadership In Mixed Duopoly," Australian Economic Papers, Wiley Blackwell, vol. 49(2), pages 149-160, June.
    15. Kumar, Ashutosh & Saha, Bibhas, 2008. "Spatial competition in a mixed duopoly with one partially nationalized firm," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 326-341, June.
    16. Hiroaki Ino & Toshihiro Matsumura, 2010. "What role should public enterprises play in free-entry markets?," Journal of Economics, Springer, vol. 101(3), pages 213-230, November.
    17. Capuano, Carlo & De Feo, Giuseppe, 2009. "On Public Inefficiencies in a Mixed Duopoly," SIRE Discussion Papers 2009-35, Scottish Institute for Research in Economics (SIRE).
    18. Susumu Cato, 2008. "Mixed oligopoly, productive efficiency, and spillover," Economics Bulletin, AccessEcon, vol. 12(33), pages 1-5.
    19. Toshihiro Matsumura & Makoto Okamura, 2015. "Competition and privatization policies revisited: the payoff interdependence approach," Journal of Economics, Springer, vol. 116(2), pages 137-150, October.
    20. Levin, Mark (Левин, Марк) & Matrosova, K. (Матросова, К.), 2016. "Research, Modeling and Process Management Dissemination of Innovations in Socio-Economic Systems [Исследование, Моделирование И Управление Процессами Распространения Инноваций В Социально-Экономиче," Working Papers 1443, Russian Presidential Academy of National Economy and Public Administration.
    21. Oscar Amerighi & Giuseppe De Feo, 2000. "On the FDI-Attracting Property of Privatization," Working Papers 3_214, Dipartimento di Scienze Economiche e Statistiche, Università degli Studi di Salerno.

    More about this item

    Keywords

    state-owned public firm;

    JEL classification:

    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
    • L0 - Industrial Organization - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-08l30003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.