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almost independent products or products that are close substitutes. Privatization of the public firm is socially beneficial …
Persistent link: https://www.econbiz.de/10005385320
the recent claims that social optimum is not implementable and privatization is necessary. We also show that when the … private firm is partly foreign-owned, the government will adopt some privatization and will not implement the social optimum …
Persistent link: https://www.econbiz.de/10010854421
privatization is desirable for local welfare upstream in (h), but it is not always desirable in (f). In both (h) and (f), it is …
Persistent link: https://www.econbiz.de/10008756511
some of the recent claims that social optimum is not implementable and privatization is necessary. We also show that when … the private firm is foreign-owned, the government will adopt some privatization and will not implement the social optimum …
Persistent link: https://www.econbiz.de/10008831580
We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can … another equilibrium only if the degree of product differentiation is large. -- Airline ; airport ; privatization …
Persistent link: https://www.econbiz.de/10008655778
We compare the welfare results of mixed duopoly model where a firm can be private, public or partial-delegated-public. We consider two types of partial-delegated-public firms. In partial- delegated-public with location delegation, the firm chooses location to maximize its profit while the social...
Persistent link: https://www.econbiz.de/10012974561
This paper examines both leadership choice and welfare consequences of privatisation in an endogenous timing mixed multi‐product oligopoly. It shows that a multi‐product firm undermines the welfare‐maximising efforts of a public firm by cross‐subsidising. The paper demonstrates that a...
Persistent link: https://www.econbiz.de/10014127133
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm …). Furthermore, we analyze the effect of privatization on the timing of competition by endogenezing the determination of simultaneous … especially relevant for the analysis of privatization, given that results and policy prescription emerged in the literature …
Persistent link: https://www.econbiz.de/10014151444
This paper examines the validity of alternative assumptions about public enterprise strategies in the presence of both domestic and international competition. It extends the quantity-setting game to a preplay stage and endogenizes the firms' order of moves to show that i) Cournot competition is...
Persistent link: https://www.econbiz.de/10014075193
Assessing the welfare impact of a policy on the scale of the British privatisation programme is a daunting task. Four sets of issues raised in the impressive study by Florio et al of the British privatisation programme merit further discussion. One such set of issues relates to the different...
Persistent link: https://www.econbiz.de/10005007455