Showing 1 - 4 of 4
The paper presents a game-theoretic model to investigate to what extent an employee privatization program of State owned firm can be feasible under certain assumptions concerning the players objective functions and the market structure in which the firm operates.
Persistent link: https://www.econbiz.de/10005634084
Worlwide, evidence is increasing that privatization improves firm performance. But in some institutionally-weak transition economies, ownership change has so far not delivered on its promise. Why? Mass and rapid privatization shcmes turned over mediocre assets to people lacking the incentives,...
Persistent link: https://www.econbiz.de/10005487308
This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not prevent...
Persistent link: https://www.econbiz.de/10005639285
This paper determines the equilibrium market structure in an international oligopoly which is opened up by a privatization.
Persistent link: https://www.econbiz.de/10005639308