This study surveys the literature examining the privatization of state-owned enterprises
(SOEs) We review the history of privatization, the theoretical and empirical evidence on the …

We investigate a mixed market where a state‐owned welfare‐maximizing public firm
competes against profit‐maximizing private firms. We use a circular city model with quantity …

R&D subsidies as a policy instrument are used to reduce market failure, apart from its input
and output additionality, the notion of behavioural additionality has caused increasingly …

The quiet life hypothesis posits that firms with market power incur inefficiencies rather than
reap monopolistic rents. We propose a simple adjustment to Lerner indices to account for …

Agency and public choice theories of privatization indicate that a privatized firm's
performance will improve on average, but they do not include an explanation of the …

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We investigate the optimal behavior of a public firm in a mixed market involving private firms
and one public firm. Existing works show that welfare-maximizing behavior by the public firm …

This paper analyzes a dynamic mixed duopoly in which a profit-maximizing competitor
interacts with a competitor that prices at zero (or marginal cost), with the cumulation of output …

This study adds to the empirical evidence that privatization improves the performance of
divested firms and offers preliminary evidence as to why these performance improvements …

A model of differentiated mixed oligopoly is developed to systematically discuss the welfare
consequences of partial privatization of a public firm. We analytically derive the optimal …