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On the efficiency of private and state-owned enterprises in mixed markets

Nguyen, Xuan 2015, On the efficiency of private and state-owned enterprises in mixed markets, Economic modelling, vol. 50, pp. 130-137, doi: 10.1016/j.econmod.2015.06.011.

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Title On the efficiency of private and state-owned enterprises in mixed markets
Author(s) Nguyen, Xuan
Journal name Economic modelling
Volume number 50
Start page 130
End page 137
Total pages 8
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2015-11
ISSN 1873-6122
Keyword(s) Mixed oligopoly
Product differentiation
Quality
State-owned enterprises
Welfare
Summary We examine oligopoly models of vertical product differentiation in which producing firms face variable costs of quality development. We show that comparing to private oligopoly, mixed oligopoly – whereby state-owned enterprises (SOEs) and private firms coexist – enhances social welfare but reduces firms' profitability. We also demonstrate that Bertrand competition makes firms better off under mixed oligopoly but it makes firms worse off under private oligopoly compared with Cournot competition. These findings help to justify both the existence of SOEs and the efficiency of SOEs and private firms in mixed markets in transitional economies.
Language eng
DOI 10.1016/j.econmod.2015.06.011
Field of Research 140209 Industry Economics and Industrial Organisation
Socio Economic Objective 910203 Industrial Organisations
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30074170

Document type: Journal Article
Collection: School of Humanities and Social Sciences
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