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Multiple Long-Run Equilibria in a Free-Entry Mixed Oligopoly

Haraguchi, Junichi and Matsumura, Toshihiro (2018): Multiple Long-Run Equilibria in a Free-Entry Mixed Oligopoly.

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Abstract

We investigate a free-entry mixed oligopoly with constant marginal costs. A privatization policy is implemented after private firms enter the market. We find that both full privatization and full nationalization are equilibrium policies, and the former is the worst privatization policy for welfare.

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