Mixed oligopoly, cost-reducing research and development, and privatisation

被引：24

作者：

Gil-Molto, Maria Jose ^{[1
]}

Poyago-Theotoky, Joanna ^{[2
,3
]}

Rodrigues-Neto, Jose A. ^{[4
]}

Zikos, Vasileios ^{[5
]}

机构：

[1] Univ Sheffield, Dept Econ, 9 Mappin St, Sheffield S1 4DT, S Yorkshire, England

[2] La Trobe Univ, Dept Econ & Finance, Melbourne, Vic 3086, Australia

[3] ICRE8 Res Ctr, Artemidos 6 & Epidavrou, Athens, Greece

[4] Australian Natl Univ, Res Sch Econ, HW Arndt Bldg 25A, Canberra, ACT 2601, Australia

[5] Chulalongkorn Univ, Fac Econ, 259 Phayathai Rd, Bangkok 10330, Thailand

来源：

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH | 2020年 / 283卷 / 03期

关键词：

Game theory; Mixed oligopoly; Aggregative games techniques; Privatisation; R&D; DEVELOPMENT SUBSIDIES; DEVELOPMENT COMPETITION; PARTIAL PRIVATIZATION; AGGREGATIVE GAMES; DUOPOLY; UNCERTAINTY; ENTERPRISE; POLICIES; IMPACT; OUTPUT;

D O I：

10.1016/j.ejor.2019.11.071

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

We develop a mixed oligopoly model to examine the role of R&D subsidies and evaluate the welfare effects of privatisation. In solving the oligopoly model we propose a novel use of aggregative games techniques. Our analysis reveals that privatisation reduces the optimal R&D subsidy. Furthermore, privatisation improves social welfare but only when the number of firms is sufficiently large. Implementing solely a subsidy to R&D does not lead to a 'privatisation neutrality theorem' or 'irrelevance result'. (C) 2019 Elsevier B.V. All rights reserved.

引用

页码：1094 / 1106

页数：13

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