relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign …This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign … counterproductive, by preventing welfare-enhancing foreign acquisitions. …

tax/subsidy competition for FDI before and after privatization. We show that policy competition is irrelevant in the … with an instrument which can be used either to reduce the negative impact on welfare of an FDI-attracting privatization or …In this paper, we provide an explanation of why privatization may attract foreign investors interested in entering a …

sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The …

privatization. …

the recent claims that social optimum is not implementable and privatization is necessary. We also show that when the … private firm is partly foreign-owned, the government will adopt some privatization and will not implement the social optimum …

Considering a differentiated mixed duopoly we show that when privatization and pollution tax are used together … environmental damage will be non-monotone in the level of privatization, and optimal privatization is always partial privatization …. Whether privatization will improve the environment or not depends on the public firm's concern for environment. If the public …

almost independent products or products that are close substitutes. Privatization of the public firm is socially beneficial …

is privatized. In the short run, privatization is harmful because prices rise: the disciplinary role of the public firm … is lost. In the long run, privatization, leads to further entry; the net effect is beneficial if consumer preference for …

The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into … gains, privatization never increases welfare. Moreover, even when large efficiency gains are realized, an inefficient public …

privatized. In the short run, privatization is harmful because prices rise: the disciplinary role of the public firm is lost. In … the long run, privatization leads to further entry; the net effect is beneficial if consumer preference for variety is not …