We analyze the nexus of privatization policy and market concentration ratio in a mixed oligopoly where one public enterprise competes against n private firms with asymmetric costs. It is shown that the nexus of privatization policy and market concentration ratio is highly sensitive to the...

Comparing to other OECD countries, “the Japanese economy appears to not yet be fully taking advantage of international outsourcing” (Tomiura, 2008). Would the different attitudes toward international outsourcing strategy make a difference in the welfare of the economy as a whole? To address...