The welfare impact of a managerial oligopoly with an altruistic firm

    Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

    7 Citeringar (Scopus)

    Sammanfattning

    I analyse the welfare impact of a mixed market with a private or public firm that is characterised by wider objectives or altruism, in the presence of an agency problem. Contrary to some earlier findings, the total surplus turns out to be increasing in the degree of altruism. This impact is stronger than without an agency problem, despite more stringent conditions for the market to remain mixed. The altruistic firm is more cost efficient, and viable if the market can remain mixed. A competition policy that encourages entry may increase welfare, but its scope is reduced by higher altruism.
    OriginalspråkOdefinierat/okänt
    Sidor (från-till)97–115
    TidskriftJournal of Economics
    Volym109
    Nummer2
    DOI
    StatusPublicerad - 2013
    MoE-publikationstypA1 Tidskriftsartikel-refererad

    Citera det här