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We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can … another equilibrium only if the degree of product differentiation is large. -- Airline ; airport ; privatization …
Persistent link: https://www.econbiz.de/10008655778
We compare the welfare results of mixed duopoly model where a firm can be private, public or partial-delegated-public. We consider two types of partial-delegated-public firms. In partial- delegated-public with location delegation, the firm chooses location to maximize its profit while the social...
Persistent link: https://www.econbiz.de/10012974561
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm …). Furthermore, we analyze the effect of privatization on the timing of competition by endogenezing the determination of simultaneous … especially relevant for the analysis of privatization, given that results and policy prescription emerged in the literature …
Persistent link: https://www.econbiz.de/10014151444
This paper examines the validity of alternative assumptions about public enterprise strategies in the presence of both domestic and international competition. It extends the quantity-setting game to a preplay stage and endogenizes the firms' order of moves to show that i) Cournot competition is...
Persistent link: https://www.econbiz.de/10014075193
This paper examines both leadership choice and welfare consequences of privatisation in an endogenous timing mixed multi‐product oligopoly. It shows that a multi‐product firm undermines the welfare‐maximising efforts of a public firm by cross‐subsidising. The paper demonstrates that a...
Persistent link: https://www.econbiz.de/10014127133
Persistent link: https://www.econbiz.de/10011514742
This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign … relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign …
Persistent link: https://www.econbiz.de/10010320057
the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
Persistent link: https://www.econbiz.de/10010320092
We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can …
Persistent link: https://www.econbiz.de/10010332275
This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not prevent...
Persistent link: https://www.econbiz.de/10010334727