Theoretical research on mixed oligopoly under labor and financial markets

• Project/Area Number: 23530325
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic policy
• Research Institution: Oita University
• Principal Investigator: HIROYUKI Takami 大分大学, 経済学部, 教授 (10264326)
• Co-Investigator(Kenkyū-buntansha): NAKAMURA Tamotsu 神戸大学, 大学院経済学研究科, 教授 (00237413) ; NINOMIYA Kenshiro 滋賀大学, 経済学部, 教授 (30273395)
• Project Period (FY): 2011 – 2013
• Project Status: Completed (Fiscal Year 2013)
• Budget Amount: ¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000); Fiscal Year 2013: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000); Fiscal Year 2011: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
• Keywords: 混合寡占 / 部分民営化 / 最適民営化比率 / profit sharing / 賃金 / 経済政策 / 経済理論 / 内生的タイミング / 金融市場 / 労働市場

Research Abstract

This project researches the optimal degree of partial privatization in a mixed oligopoly market in which private firm and public firm compete. We use the observation that the Cournot-Nash equilibrium under the optimal partial privatization is identical to the Stackelberg equilibrium with a fully-nationalized firm moving first and the private firm moving second.
As a result, it is shown that the optimal degree of partial privatization can also be easily derived by best-response functions and iso-social surplus curves.

Research Products

• [Journal Article] Optimal partial privatization in mixed oligopoly (2013)
  • Author(s): Hiroyuki Takami and Tamotsu Nakamura
  • Journal Title: a geometric approach, Economics Bulletin Volume: Vol.3, No.4 Pages: 2958-2967
  • Peer Reviewed
• [Journal Article] Optimal partial privatization in mixed oligopoly: a geometric approach (2013)
  • Author(s): Hiroyuki TAKAMI and Tamotsu NAKAMURA
  • Journal Title: Economics Bulletin Volume: 33 Pages: 2958-2967
  • Peer Reviewed
• [Journal Article] 混合複占市場下の賃金決定のタイミングと部分民営化 (2013)
  • Author(s): 高見博之
  • Journal Title: 東亞経濟研究 (山口大学) Volume: 71 Pages: 87-100
• [Journal Article] 負債荷重、確信、金融の不安定性と循環 (2013)
  • Author(s): 二宮健史郎
  • Journal Title: CRR Discussion Paper( Faculty of Economics, Shiga University) Volume: J-45 Pages: 1-15
  • NAID: 110009919427
• [Journal Article] 混合複占市場下の賃金決定のタイミングと部分民営化 (2012)
  • Author(s): 高見博之
  • Journal Title: 東亜経済研究 Volume: 第71巻第1号 Pages: 87-100
• [Journal Article] Profit-Sharing and the Endogenous Order of Moves in Oligopoly (2012)
  • Author(s): Hiroyuki Takami and Tamotsu Nakamura
  • Journal Title: Theoretical Economics Letters Volume: Vol. 2 Pages: 125-129
  • Peer Reviewed
• [Journal Article] Profit Sharing, Labour Share and Financial Instability (2012)
  • Author(s): 二宮健史郎・高見博之
  • Journal Title: CRR DISCUSSION PAPER SERIESB (Faculty of Economics, Shiga University) Volume: B-5 Pages: 1-27
• [Presentation] A geometric approach to the optimal degree of partial privatization in mixed oligopoly (2012)
  • Author(s): 中村保
  • Organizer: 韓国経済通商学会
  • Place of Presentation: 釜山大学
• [Presentation] Another Look at the Optimality of Partial Privatization in Mixed Oligopoly (2012)
  • Author(s): 高見博之
  • Organizer: 日本応用経済学会
  • Place of Presentation: 福岡大学