, including India. While many countries have gradually moved away from the PSE model of growth, in the year 2019, around 25 …/regional trade agreements. India is among the top eight countries in the world with a large number of PSEs that play a key role in …

only for uncertainty on market conditions but also for the threat of nationalization. In a real options framework where the … government holds an American call option on nationalization we show under which conditions a Nash bargaining is feasible and … leads to attain a cooperative agreement maximizing the joint venture surplus. We find that the threat of nationalization …