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 …

merits of privatization. …

privatization in the presence of the environmental pollution. When the residents' environmental preference is introduced to the … public firm's objective function, we mainly find that privatization may increase the public firm's output, decrease the … studies on privatization. Moreover, Cournot competition and Stackelberg competition are separately analyzed to show that our …

privatization is endogenously determined by a welfare-maximizing government. As a by-product of our analysis, we find that in a … differentiated duopoly setting, partial privatization always improves welfare in Cournot but not necessarily in Bertrand competition …

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 …

privatization of a state-owned firm and of the cost asymmetry between the two firms. We also provide welfare analysis by comparing …

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