文章基本信息

标题：Capacity Choice in a Mixed Duopoly: The Relative Performance Approach
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作者：Yasuhiko Nakamura ; Masayuki Saito
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2013
卷号：3
期号：2
页码：124-133
DOI：10.4236/tel.2013.32020
出版社：Scientific Research Publishing
摘要：This paper studies capacity choice in a quantity-setting mixed duopoly with differentiated goods, when the objective function of the private firm is its relative profit. In this paper, we show that the differences between the output levels and capacity levels between both the public firm and the private firm strictly depend on both the degrees of product differentiation and of importance of the private firm’s relative performance. More precisely, we find that the public firm chooses over-capacity when both the degrees of importance of the private firm’s relative performance and of product differentiation are sufficiently high whereas it chooses under-capacity otherwise, and further the private firm chooses under-capacity when the degree of importance of its relative performance is high as compared the degree of product differentiation whereas it chooses over-capacity otherwise.
关键词：Mixed Duopoly; Relative Profit; Degree of Importance of the Relative Performance