Toshihiro Matsumura, Professor, Institute of Social Science, The University of Tokyo
The course begins with an extensive discussion of the theory of mixed oligopolies in which state-owned public enterprises
compete with private enterprises.
The rest of the course addresses a variety of related topics.
In each topic, the standard models of private oligopolies are presented, and then,
the models of mixed oligopolies are discussed.
The topics include price and quantity competition, sequential-move games, endogenous timing games, spatial competition,
anti-monopoly legislation, and free-entry markets.
Choose one specific theme for each class and give an explanation
so that students can intuitively understand representative papers, models and fundamental mechanisms behind them.
After confirming the past research results,
let the students discuss the matters that have room for further researches.
Students are required to attend the class after agreeing to that they expected to make contributions
to the class and sometimes are asked to express their own opinions by the instructor.
1. Introduction: Course Description and Overview of Mixed Oligopolies
2. Quantity Competition
3. Optimal Privatization Policies in Mixed Oligopolies under Quantity Competition
4. Price Competition and Endogenous Competition Structure
5. Price Competition and Endogenous Competition Structure in Mixed Oligopolies
6. Market Structure and Competitiveness of the Markets
7. Optimal Privatization Policies and Market Structure
8. First-Mover Advantage, Second-Mover Advantage, and Endogenous Timing Games
9. Endogenous Timing in Mixed Oligopolies
10. Excess Competition and Excess Entry
11. Mixed Oligopolies at Free Entry Markets
12. Product Differentiation and Spatial Competition
13. Spatial Competition in Mixed Oligopolies