Policy objectives and performance in a mixed market with bargaining

Article Abstract:

Welfare maximization without constraints would eliminate or substantially weaken a private firm in a mixed duopoly wherein wages and salaries are determined by Nash bargaining and where the public firm's unit costs depend on its objectives. In constrained welfare maximization, case unit costs are usually higher in the public firm. Although it makes the public firm appear less cost-efficient than the private firm, welfare maximization is usually beneficial. Competition may also be better for a private firm, even from a firm in public ownership.

Private companies, Negotiation, Negotiations, Going public (Securities), Initial public offerings, Government ownership, Nationalization

---

Information sharing, information free-riding and capital structure in oligopolies

Article Abstract:

The capital structure choices of firms in an oligopoly may have significant consequences on their incentives to share information through a trade association. It was found in a study of the effect of capital structure decisions on these incentives that when one firm has better access to information than the other, the latter firm may use leverage to free-ride on the former firm's information. For ex ante symmetric firms, a trade association will be formed regardless of the non-occurrence of information sharing.

Professional Organizations, Professional Organizations NEC, Trade and professional associations, Professional associations, Trade associations

---

Similar abstracts:

• Abstracts: Daimler bends: German capitalism. Discommodity market: the environment. Capitalism without capital: Hungarian finance
• Abstracts: Optimal inspection effort and scheduling for a manufacturing process with repair. Optimal recovery strategies for manufacturing systems
• Abstracts: VAT and design: rules for conversions. How to win the rating game. Taxing times for architects: architects can enhance their services with a knowledge of how much VAT some projects may incur, and how much can be saved or recouped
• Abstracts: After Mexico and Canada, who? The south rises: old Saigon wins the peace. Taking stock
• Abstracts: Assessing consumer preferences in the context of new product diffusion. Constrained part-worth estimation in conjoint analysis using the self-explicated utility model

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.