sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The …

privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment …

relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign …This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign … counterproductive, by preventing welfare-enhancing foreign acquisitions. …

Investment liberalizing countries are often concerned that cross-border mergers & acquisitions might have an adverse …

In this paper we investigate tax/subsidy competition for FDI between countries of different size when a domestic firm … policy competition between the two governments seeking to attract FDI. We show that the country hosting the incumbent always … benefits from FDI if the domestic firm is a public welfare-maximizing firm, while its welfare may decrease when it is a private …

We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can …

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …

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 …

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …

The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into … gains, privatization never increases welfare. Moreover, even when large efficiency gains are realized, an inefficient public …