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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. …
Persistent link: https://www.econbiz.de/10011208953
In homogenous mixed oligopoly neither full nationalization nor full privatization is optimal under moderate conditions …-social-surplus curves. It is also shown that the optimal degree of partial privatization can easily be derived from the explanation. …
Persistent link: https://www.econbiz.de/10010726680
We study the optimal manipulation rules of a public firm’s objective function in a mixed oligopoly with imperfect … competition, and the way they are affected by product substitutability. This allows us to show that partial privatization … leadership. Since optimal manipulation rules change as new dimensions are added, we also derive the optimal rules under oligopoly …
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A general model of Cournot mixed oligopoly with partial privatization of a public firm is formulated, and the existence … and stability of a unique equilibrium and optimality of partial privatization are proved under fundamental assumptions …, and is specified for Cournot mixed duopoly with partial privatization. The stability condition is also compared with the …
Persistent link: https://www.econbiz.de/10010938262
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 …
Persistent link: https://www.econbiz.de/10010575660
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. …
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