Optimal subsidies in the competition between private and state-owned enterprises
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摘要Recent policy discussions have debated whether governments should adopt equal policies towards state-owned and private enterprises. We analyze this issue in a mixed oligopoly setting, in which the government can award different subsidies to these two types of firms. We show that the optimal subsidy policy is equal treatment, regardless of the relative weight on social welfare versus profits by the state-owned enterprise. This result is robust to the form of production, market demand, composition of firm types, and heterogeneity in the objectives of firms. However, heterogeneous cost structures among the firms yield a non-uniform optimal subsidy.
出版社接受日期15.05.2019
著者Mingzhi Li, Jaimie W. Lien, Jie Zheng
期刊名稱International Review of Economics and Finance
出版年份2019
國際標準期刊號1059-0560
電子國際標準期刊號1873-8036
語言美式英語
關鍵詞State-owned Enterprises, Mixed Oligopoly, Subsidy Policy, Publicization, Privatization

上次更新時間 2021-26-02 於 23:03