Chen, Chien-Hsun; Mai, Chao-Cheng; Liu, Yu-Lin; Mai, … - In: Economic Modelling 26 (2009) 6, pp. 1161-1171
This paper establishes a mixed oligopoly model to explore how the government determines the percentage of shares of the state-owned banks to be released to foreign investors under the goal of seeking to maximize social welfare. The theoretical model finds that the release of shares of...