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analytically derive the welfare effect of privatization of port 2 and determine the optimal degree of privatization. Under Cournot … privatization, partial privatization and full nationalization, which hinges mainly upon the market size, both horizontal and … necessarily a one-size-fits-all strategy for port privatization, and it is important for policymakers to consider the effects of …
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In the context of a vertically differentiated duopoly model with endogenous quality choice, we analyzes the welfare effect of overlapping ownership when the market is fully covered. The results show that overlapping ownership, while detrimental for consumer surplus, may increase or decrease...
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Hospital markets are often characterised by price regulation and the existence of different ownership types. Using a Hotelling framework, this paper analyses the effect of different objectives of the hospitals on quality, profits, and overall welfare in a price regulated duopoly with symmetric...
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We address two questions. First, does the excess entry result of pure oligopoly hold when firms face a substitute good … firm, we find that partial privatization need not always be optimal. Depending on the substitutability of the two products …
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oligopoly ; price regulation ; quality ; hospital competition …
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