THE EFFICIENCY OF THE STATE-OWNED FIRM AND SOCIAL WELFARE: A NOTE

被引:12
作者
Cato, Susumu [1 ]
机构
[1] Univ Tokyo, Inst Social Sci, Bunkyo Ku, Tokyo 1130033, Japan
关键词
mixed market; state-owned firm; technological efficiency; H42; L13; L32; MIXED OLIGOPOLY; FREE ENTRY; PRIVATIZATION; PRIVATE;
D O I
10.1111/j.1467-8586.2010.00386.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We consider a mixed market where a state-owned firm competes with private firms. If the number of firms is exogenous, then a deterioration of the efficiency of the state-owned firm might improve social welfare. This situation occurs when the state-owned firm is inefficient and private firms are efficient. However, if the number of firms is endogenous, then a deterioration of the efficiency of the state-owned firm must reduce social welfare.
引用
收藏
页码:275 / 285
页数:11
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