Showing 1 - 10 of 57
No abstract.
Persistent link: https://www.econbiz.de/10010685073
the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
Persistent link: https://www.econbiz.de/10005771095
This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign … relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign …
Persistent link: https://www.econbiz.de/10005419497
privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment …
Persistent link: https://www.econbiz.de/10005419531
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10005419540
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
privatization. …
Persistent link: https://www.econbiz.de/10005639308
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10005645287
This paper determines the equilibrium ownership structure in an emerging market deregulated by privatization and … investment liberalization. It is shown that bidding competition in the privatization stage is necessary but not sufficient for … concessions in the bidding in the privatization auction. It is also shown that Employment Guarantees may "help" the buyer of the …
Persistent link: https://www.econbiz.de/10005645301
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/10005645330