Abstract
A Survey of the Mixed Oligopoly Literature We present a survey of the literature on mixed oligopoly, defined as markets where a small number of firms are active and where firms with different objectives coexist. The main part of the analysis focuses on the competition between private, profit-maximizing firms and public, social-welfare maximizing firms. We show when the intervention of a public firm is welfare-improving, what the optimal share of public ownership in a partially private firm is, and what the objectives of a public firm, or of its managers, should be. We also study the competition between profit-maximizing and employee-controlled firms. We show how results differ according to whether the goods produced are homogenous or differentiated.
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