研討日期

2014112210:30 ~ 13:00

研討地點

台大社會科學院710教室

題目

Mixed Oligopoly at Free Entry Markets

作者

Toshihiro Matsumura and Osamu Kanda

文獻出處

Journal of Economics

報告人

Shaw-Yi Wu

參加人員

黃鴻、戴二彪、梁文榮、林燕淑、王光正、彭正浩、高國峯、陳金盛、涂光億、鍾暳陵、林晏如、曹古駒、呂得成、王羿傑、吳尚弈、呂雅媛、周冰瑤、施姵全

摘要

This paper investigates 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 is suboptimal when the number of firms is given exogenously. This paper also allows free entry of private firms and find that, in contrast to the case with the fixed number of firms, welfare-maximizing behavior by the public firm is always optimal in mixed markets. Furthermore, this paper finds that mixed markets are better than pure markets involving no public firm if and only if the public firm earns nonnegative profits.