摘要:This paper considers a quantity-setting mixed market model in which a public firm competes with a private firm. The paper examines the welfare effects of domestic and foreign ownership of the private firm. The paper shows that social welfare is maximized by full domestic ownership of the private firm, while consumer surplus is maximized by full foreign ownership of the private firm.
关键词:Mixed Duopoly; Full Domestic Ownership; Partial Domestic Ownership; Full Foreign Ownership