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privatization. The consistent conjectures equilibrium (CCE) generates substantially greater optimal privatization than does any …, the CCE generates substantially less privatization than the CNE. The optimal extent of privatization with a domestic rival …
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increases welfare and that privatization reduces welfare. We demonstrate that these results do not generalize to a mixed …
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that the optimal share of privatization set by a government depends positively upon the cost disadvantage of the public …
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This paper examines both leadership choice and welfare consequences of privatisation in an endogenous timing mixed multi‐product oligopoly. It shows that a multi‐product firm undermines the welfare‐maximising efforts of a public firm by cross‐subsidising. The paper demonstrates that a...
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