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Privatization Policy in an International Oligopoly

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2003

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

Persistent link: https://www.econbiz.de/10005419497

Privatization as a part of a Liberalization Program in an International Oligopoly

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2000

privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment …

Persistent link: https://www.econbiz.de/10005419531

Privatization Policy in an International Oligopoly

Norbäck, Pehr-Johan; Persson, Lars - 2003

Persistent link: https://www.econbiz.de/10010320057

Privatization, Investment and Ownership Efficiency

Friberg, Richard; Norbäck, Pehr-Johan; Persson, Lars - 2008

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …

Persistent link: https://www.econbiz.de/10010320092

Endogenous Asset Ownership Structures in Deregulated Markets

Norbäck, Pehr-Johan; Persson, Lars - 2003

This paper determines the equilibrium ownership structure in an emerging market deregulated by privatization and … investment liberalization. It is shown that bidding competition in the privatization stage is necessary but not sufficient for … concessions in the bidding in the privatization auction. It is also shown that Employment Guarantees may help the buyer of the …

Persistent link: https://www.econbiz.de/10010320126

Privatization and Restructuring in Concentrated Markets

Norbäck, Pehr-Johan; Persson, Lars - 2003

This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....

Persistent link: https://www.econbiz.de/10010320155

Privatization and Restructuring in Concentrated Markets

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2005

This Paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that a net revenue maximizing government has a stronger incentive to restructure than a profit maximizing acquiring firm: A restructuring firm only takes into...

Persistent link: https://www.econbiz.de/10005792109

Privatization, Investment and Ownership Efficiency

Friberg, Richard; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2008

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …

Persistent link: https://www.econbiz.de/10005771095

Privatization and Foreign Competition

Persson, Lars; Norbäck, Pehr-Johan - 2001

This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not prevent...

Persistent link: https://www.econbiz.de/10010334727

Privatization as a part of a Liberalization Program in an International Oligopoly

Norbäck, Pehr-Johan; Persson, Lars - 2000

privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment …

Persistent link: https://www.econbiz.de/10010335161