Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result Academic Article uri icon


  • In the presence of output subsidization, the optimal output subsidy is identical and profits, output and social welfare are also identical irrespective of whether (i)a public firm moves simultaneously with n private firms or (ii) it acts as a Stackelberg leader or (iii) all firms, public and private, behave as profit-maximizers.

publication date

  • September 18, 2001

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