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theory of supermodular games in order to avoid common extraneous assumptions such as concavity, existence and uniqueness of … merits of privatization. …
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privatization of a state-owned firm and of the cost asymmetry between the two firms. We also provide welfare analysis by comparing …
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We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
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