In this paper we introduce product demand uncertainty in a mixed oligopoly model and reexamine the nature of sub … privatization and market volatility. More importantly, Pareto-inefficient simultaneous production is a likely SPNE. Our results are … known in real option theory. …

that in an international mixed oligopoly with asymmetric costs and partial privatization, when the marginal cost of the …This paper compares the optimal tariff and revenue maximizing tariffs in the presence of partial privatization. We show … government should accelerate privatization path and impose a lower welfare-optimum tariff rate. …

In this paper we introduce product demand uncertainty in a mixed oligopoly model and reexamine the nature of sub … SPNE is possible. Whether the equilibrium outcome is public or private leadership hinges upon the degree of privatization … known in real option theory. …

Neither full nationalization nor full privatization is optimal under moderate conditions in homogenous mixed oligopoly … determined by Nash bargaining between the private sector and the public sector. Although partial privatization is optimal for … both cases, the optimal degree of partial privatization is different. It is smaller with bargaining than without bargaining. …

product substitutability. This allows us to show that partial privatization, strategic delegation and other specific government …

This paper investigates the optimal degree of privatization for a public firm in a homogeneous mixed oligopoly. I show … that full privatization is optimal when a public firm has a severe productivity disadvantage or competes with many private … firms. The optimal degree of partial privatization is increasing in the degree of productivity disadvantage and the number …