This paper studies the impact of mergers between public and private firms in vertically-differentiated markets on product repositioning, profits, consumer surplus, and social welfare. We analyze a game-theoretical model with a public firm and two private firms in which the public firm’s...

Mergers between state-owned enterprises(SOEs) and private enterprises(PEs) have attracted increasing attention, especially in low-carbon industries, as a way to realize mixed ownership reform. This paper examines the impact of these horizontal mergers on carbon emissions, profits, social...

Examining the impact of economic reform on everyday life in China, this book explores how changes in the employment relationship have affected the enterprise performance, the quality of working life and the livelihood strategies for individual households and families in China