Efficiency Wage in Mixed Oligopoly

Student: Fedorova Elizaveta

Faculty: International College of Economics and Finance

Educational Programme: International Programme in Economics and Finance (Bachelor)

Final Grade: 8

Year of Graduation: 2024

The efficiency model in mixed oligopoly, represented by the private and public firms, was analyzed in this bachelor graduation paper. While writing a thesis, we focused on two cases – the first one with identical production functions of both categories of firms and the second one with modified effort function, implying monitoring efficiency parameter. We show that the equilibrium choice of wages by firms in symmetric case is choosing equal wages in optimum. We find that the asymmetric case equilibrium is presented with the different wages set by the firms. Moreover, it is optimal for the government to make the public firm fully nationalized in both cases.

Full text (added June 10, 2024)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses