دانلود مقاله ISI انگلیسی شماره 91975
ترجمه فارسی عنوان مقاله

کیفیت و رقابت بین شرکت های دولتی و خصوصی

عنوان انگلیسی
Quality and competition between public and private firms
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
91975 2017 40 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Economic Behavior & Organization, Volume 140, August 2017, Pages 336-353

پیش نمایش مقاله
پیش نمایش مقاله  کیفیت و رقابت بین شرکت های دولتی و خصوصی

چکیده انگلیسی

We study a multistage, quality-then-price game between a public firm and a private firm. The market consists of a set of consumers who have different quality valuations. The public firm aims to maximize social surplus, whereas the private firm maximizes profit. In the first stage, both firms simultaneously choose qualities. In the second stage, both firms simultaneously choose prices. Consumers’ quality valuations are drawn from a general distribution. Each firm's unit production cost is an increasing and convex function of quality. There are multiple equilibria. In some, the public firm chooses a low quality, and the private firm chooses a high quality. In others, the opposite is true. We characterize subgame-perfect equilibria. Equilibrium qualities are often inefficient, but under some conditions on consumer valuation distribution, equilibrium qualities are first best. Various policy implications are drawn.