This paper examines the optimal privatization policy in vertically related markets in which an upstream public firm … and the resulting profit margin is positive. However, complete privatization is never optimal. Numerical simulations … reveal both the diverse optimal privatization regimes and the patterns of optimal privatization levels with varying numbers …

improves domestic social welfare, as it allows the public firm to lower its poaching price. In both cases, privatization is …

We discuss optimal privatization policies in mixed oligopolies in which a public firm is the Stackelberg follower … (private leadership). We find that under constant marginal cost, the optimal degree of privatization is zero. When the marginal … cost is increasing, however, the optimal degree is never zero, and full privatization can be optimal. These results suggest …