R&D , Privatization, Public Monopoly, Mixed Oligopoly, and Productive Efficiency
Shoji Haruna
Abstract
Shoji Haruna
Abstract
We investigate RD and (ii) if they are substitutes, then the public firm has a less incentive to invest in cost−reducing R&D in the public monopoly market than in the mixed oligopoly market.
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We investigate RD and (ii) if they are substitutes, then the public firm has a less incentive to invest in cost−reducing R&D in the public monopoly market than in the mixed oligopoly market.
Key concepts: Monopoly, Oligopoly, Incentive, Microeconomics, Economics, Industrial organization, Market structure, Natural monopoly