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The Kreps-Scheinkman Game in Mixed Duopolies

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  • Barna Bakó
  • Attila Tasnádi

Abstract

We extend the results of Kreps and Scheinkman (1983) to mixed duopolies. We show that quantity precommitment and Bertrand competition yield Cournot outcomes not only in the case of private firms but also when a public firm is involved. We also investigate the case of public Stackelberg leadership and that of private Stackelberg leadership.

Suggested Citation

  • Barna Bakó & Attila Tasnádi, 2017. "The Kreps-Scheinkman Game in Mixed Duopolies," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 173(4), pages 753-768, December.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(201712)173:4_753:tkgimd_2.0.tx_2-b
    DOI: 10.1628/093245617X14875974729938
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    More about this item

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

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