Ghosh, Arghya (contributor); Mitra, Manipushpak (contributor) - 2008
public rm, where the extent of privatization is endogenously
determined by a welfare-maximizing government. As a by …-product of our analy-
sis, we nd that in a di erentiated duopoly setting, partial privatization always
improves welfare in … rms, partial privatization
1. Introduction
It is now well known that Bertrand competition yields lower prices and pro ts …